In his discussion of the bailout of the American Automobile industry Harry Rady explains why it is a mistake to have politicians dictating business practices. The bailout should be strictly limited to fixing the problems in the industry and not getting muddled in other tangential enterprises like producing electric cars or rail cars or other activities that will make the process of repairing the industry more complicated. Rady believes that if a business has the right management in place and the right structure for the industry to compete, then it must be up to that company or industry to decide what the right time and the right conditions are for the development of a new product, such as electric cars.
Jun
22
Jun
8
Discussing the “stress test” recently conducted on U.S. Banks, Harry Rady expressed doubt as to whether the results and data gleaned will restore public confidence in the banks. Rady, during his interview on “Closing Bell” the CNBC Financial news program, explained that although it is a positive step to have additional “data” points and increased transparency, he was doubtful that there is much relevance to the results of the stress test.
To listen to the full interview, follow the link to: Closing Bell.