Friday, June 5, 2009

Barney Frank is running the car companies

From the Boston Globe via Greg Mankiw:

Frank intervention extends life of GM's Norton center

The plant manager received word yesterday that Frank had successfully lobbied GM chief executive Fritz Henderson to delay the closing, according to Ridenour.

Frank said he met with Henderson on Wednesday to urge him to reevaluate the center's value to GM. He said he also stressed the loss of jobs would hurt already struggling Massachusetts families.

Frank, whose district includes Norton, said he told Henderson, "Look, I understand that these things have to happen but they don't have to happen in the midst of the worst recession in years."

Frank did so well in his oversight of Fannie and Freddie. I didn't know he was an auto expert to boot. This will not end well. Sphere: Related Content

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