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    A Union Divided Against Itself: The UAW’s Conflict of Interest

    In the wake of the General Motors and Chrysler’s bankruptcies, United Auto Workers finds itself in a complicated position. In some sense it has achieved a Marxist ideal: it has gained (at least some) control of its means of production. The UAW owns 55 percent of Chrysler and 17.5 percent … More

    Meet GM's Bondholders: Chris Crowe

    Throughout the next two weeks, the Foundry will be highlighting some testimonials of General Motors bondholders. When President Obama describes bondholders, you get the distinct impression of pinstripe-suit-wearing bankers with scotch in one hand and cigars in the other. However, that is far from the case. In fact, GM bondholders … More

    Auto Bailout Update: Drove My Chevy to the Levee...

    The news of another auto bailout was met with a whimper last week. Surely, the little noticed request for an additional $22 billion was partly overlooked because $22 billion just doesn’t seem like a large amount of money after President Obama spent $787 billion of your borrowed dollars the week … More

    Ford's UAW Contract

    Surely, some concessions can be made, right?

    Sending Arsonists to Fight Fires

    In an Op-Ed peice about the Auto-bailout that appeared in today’s DC Examiner, Lori Roman equated the government bailing out to sending arsonists to fighting fires: One would think that, since the government created the crisis, they should fix it, right? No. They should STOP interfering with the markets, not … More