Blog: Flawless Hustle

Grey Lady columnist Nicholas Kristof gnashes his teeth on the bailout, but ultimately comes out for it . Personally, I find most of his logic compelling. But there's one strain of thought I've heard from Michael Moore and from other commentators and, posed in surveys : would you buy a car from a bankrupt company? My response: why not? If the car is priced at good value, sure. Unlike houses, people don't buy cars with the implicit understanding that they can re-sell them for a profit. And new parts are always available. [...]