The Texas Legislature is fiddling while the TXU deal burns, but the head of the Canadian auto workers, talking about the proposed Chrysler buyout, offered some insight on why equity firms do these deals: "They’re not interested in building cars. This could be a bicycle shop as far as they’re concerned," he told reporters in Toronto on Monday. "As long as they see an opportunity to make a lot of money in a short period of time, then they’d be buying in."
That inspires lots of confidence, doesn’t it?
