Why the government should not bail out GM

Without a re-structuring of the way GM does business any money to GM is a waste of money.

Important part of article

Total compensation per hour for the big-three carmakers is $73.20. That’s a 52 percent differential from Toyota’s (Detroit South) $48 compensation (wages + health and retirement benefits). In fact, the oversized UAW-driven pay package for Detroit is 132 percent higher than that of the entire manufacturing sector of the U.S., which comes in at $31.59.

Full Article
Larry Kudlow column

Mortgage crisis and how government regulation was cause

This is an older article but gets to some of the history of the mortgage crisis, the roots, who did what and why.

http://www.villagevoice.com/2008-08-05/news/how-andrew-cuomo-gave-birth-to-the-crisis-at-fannie-mae-and-freddie-mac/1

It is a long article to read but as usual the government creates a problem and then swoops in to solve and ends up making a bad situation worse