Published Jul 4, 2011

David Skeel on Bankruptcy and the Auto Industry Bailout

David Skeel and Russ Roberts delve into the far-reaching consequences of government intervention in the auto industry, examining how bailouts disrupt market dynamics and influence the bankruptcy process, ultimately affecting innovation and taxpayer costs.

Episode Highlights

Topics covered

Episode Highlights

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Dexa/Russ Roberts

David Skeel on Bankruptcy and the Auto Industry Bailout

Topics covered

Popular Clips

Crony Capitalism Unveiled

Taxpayer Bailout Costs

Ordinary Bankruptcy Explained

Bankruptcy Priorities Shift

GM's Bankruptcy Options

Bankruptcy and Innovation

Bankruptcy and Innovation

Bankruptcy Sales Explained

Trust and Governance

Sham Auctions Explained

Bankruptcy and Viability

Mortgage Market Dynamics

Bankruptcy and Innovation

Toxic Assets Unveiled

Episode Highlights

Government Interventions

Economic Impacts

Bankruptcy Process

Related Episodes

Barry Ritholtz on Bailouts, the Fed, and the Crisis

Neil Barofsky on Bailouts

Gary Stern on Too Big to Fail

Dean Baker on the Crisis

Todd Zywicki on Debt and Bankruptcy

William Black on Financial Fraud

John Cochrane on the Financial Crisis

Simon Johnson on the Financial Crisis

James Hamilton on Debt, Default, and Oil

Charles Calomiris on the Financial Crisis

Michael Munger on Franchising, Vertical Integration, and the Auto Industry

Joe Nocera on the Crisis and All the Devils Are Here

Garett Jones on Fisher, Debt, and Deflation

Skip Sauer on the Economics of Sports

David Henderson on the Essential UCLA School of Economics

David Skeel on Bankruptcy and the Auto Industry Bailout

Topics covered

Popular Clips

Episode Highlights

Government Interventions

Economic ImpactsThe conversation shifts to the impact of bankruptcy and bailouts on innovation and taxpayer costs. David Skeel discusses how the U.S. bankruptcy system influences entrepreneurial risk-taking and the less transparent financial implications of the auto industry bailout.

Economic Impacts

Bankruptcy ProcessDavid Skeel discusses the impact of the auto industry bailout on bankruptcy law, arguing it undermined legal norms. He explores how ordinary bankruptcy could have offered a more structured resolution for companies like GM and Chrysler.

Bankruptcy Process

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