Last Month, Andrew Clark from EducationGuardian.co.uk says (in Barack Obama to order salary cuts at bailed-out firms) Mitch McConnell, the Republican leader in the US senate, said government intervention was inevitable, given the amount of money committed to bailout efforts: "If the federal government is a partner, in effect, in these companies, then it ought to have some say on compensation."

And ironman from 1853 Chairman says (in Inside the Chrysler, GM rescues) Chrysler and the United Auto Workers declined comment on Rattner’s observations.

Rattner tells a dramatic back story of Chrysler’s near-death experience. Daimler AG, which bought Auburn Hills-based Chrysler in 1998, had "badly run" it, he wrote, as did its successor, Cerberus Capita...