Word: friedmanism
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...house" by letting Lehman Brothers fail, worldwide credit markets froze, preventing Americans from buying cars. Financial markets and the lack of available consumer credit - not a lack of appealing car designs - are the reasons for this crisis, and piling the blame on Detroit is simply not balanced. Steven M. Friedman, NEW YORK CITY...
...preventing Americans from buying cars, since most people use loans or leases to do so. Financial markets and the lack of available consumer credit - not a lack of appealing car designs - are the reasons for this crisis, and piling the blame on Detroit is simply not balanced. Steven M. Friedman, New York City...
...Lawyers predict lawsuits against the other accounting firms will soon follow. "The fact that they didn't catch the fraud leads me to believe that they blew it," says Scott Berman, a lawyer at Friedman Kaplan Seiler & Adelman who has reached settlements with auditors in similar cases in the past. "I am going to look hard at whether there is liability there...
...preventing Americans from buying cars, since most people use loans or leases to do so. Financial markets and the lack of available consumer credit--not a lack of appealing car designs--are the reasons for this crisis, and piling the blame on Detroit is simply not balanced. Steven M. Friedman, NEW YORK CITY...
...understand why there's no talk in Congress about moving auto manufacturers' health-care systems into the federal system in exchange for an equity investment that--as journalist Thomas Friedman has suggested--requires the hybridization of their entire fleet. The federal system includes several large health-care units. Why not take Detroit's health-care needs off the automakers' hands and develop a single-payer system before rolling it out on a national scale? Not having to worry about the medical needs of personnel would make Detroit automakers better able to compete with other companies. Matthew Ernst, OCEAN ISLE BEACH...