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IPFS News Link • Bailouts

Book Review: 'Overhaul' - A Tell-All Account of the Rescue of GM and Chrysler

• Seeking Alpha
Steven Rattner’s Overhaul: An Insider’s Account of the Obama Administration’s Emergency Rescue of the Auto Industry will not disappoint readers with its poignantly detailed narration of the harrowing events surrounding the fate of two of the Big 3 U.S. automakers. Almost regardless of where readers’ interests may lie, the stories within his story are plentifully intriguing, such as GM and Chrysler’s pitiful plight, the government’s intervening in private enterprise, the behind the scenes of the Obama administration, the 363 bankruptcy plan, the importance of corporate governance, and more. From these stories, some quite suspenseful, we learn of the exceptional efforts of “Team Auto,” and some non-Team Auto individuals, that otherwise we likely would have never heard of or been able to appreciate. Likewise, the reader is served platters of distastefully asinine attitudes and actions of certain individuals especially amongst the automakers and government, which exemplify, in my opinion,