Politics and science, humor and hypocrisy. METANOODLE
Sunday, 17 July 2011
GM: A retirement plan with a car factory
"When you buy GM stock, are you buying a car company that happens to have a retirement plan, or are you buying an insurance company that just happens to make cars?"
The observation pre-dates the bailout and seems to have originated in this article: "Enterprise Risk Management" 2005. The pension plan was the focus of the bailout, not the health of the industry, in my view.