In an interview on Fox Business Harry Rady of Rady Asset Management discusses the United States Auto Industry and the bailout by the government. Rady believes that at the moment the auto industry is “structurally flawed” with a bad relationship with their unions, their fixed costs are too high, they have too much debt, plus much more. Harry goes on to say that any government bailout should be “laser-like” in that they should be directed at fixing the multitude of problems in the industry. If these problems could be fixed, Rady is confident that the industry could compete successfully in the global marketplace.
Listen to the full interview here: Rady Asset Management on Fox Business Network