Skeel on bankruptcy

by Russ Roberts on July 5, 2011

in Podcast

Bankruptcy isn’t a very glamorous topic. But I think you will find this EconTalk episode with David Skeel of interest. He argues that bankruptcy would have been a much better way to take care of GM and Chrysler’s woes and that the costs of the bailout were substantially higher than is generally discussed. Very clear and very informative.

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{ 5 comments }

vikingvista July 5, 2011 at 1:46 pm

Thank you for this! Eagerly awaiting the opportunity to listen!

John Papola July 5, 2011 at 5:48 pm

Wait… the costs of the bailouts are being underreported! I CAN’T BELIEVE IT!

Harold Cockerill July 6, 2011 at 7:34 pm

The larger portion of the costs are yet to come. What’s the cost of the destruction of the rule of law?

Martin Brock July 6, 2011 at 11:51 am

Essentially, we have to systems of bankruptcy in the U.S., one operated by our totalitarian Executive for the politically connected and one operated by the Judiciary for everyone else.

Martin Brock July 6, 2011 at 11:52 am

two systems that is.

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