{"id":3515,"date":"2009-05-17T12:40:35","date_gmt":"2009-05-17T12:40:35","guid":{"rendered":"http:\/\/zmetro.com\/?p=3515"},"modified":"2009-05-17T12:40:35","modified_gmt":"2009-05-17T12:40:35","slug":"finance_it_agai","status":"publish","type":"post","link":"https:\/\/www.zmetro.com\/?p=3515","title":{"rendered":"Finance It Again Tim Geihtner"},"content":{"rendered":"

Ed Wallace<\/a>: <\/p>\n

They say you don\u2019t recognize history while you\u2019re living through it, but it won\u2019t be long before there\u2019s no doubt about the historic character of what\u2019s happening now. In the not too distant future, everyone will look back on this period and shake their heads, at both the disruption to our economy and many of our solutions to it. And when that day comes and today\u2019s events can be seen with real clarity, we will all turn to each other and ask, “What were we thinking?”
\n


\nOh, well. There is at least one man today whose mind is already focused on where he will be standing many years from now. He has coolly witnessed the turmoil inflicted on our financial system and is dispassionately observing the panic that has overtaken us all in its wake. And, knowing that foolish decisions almost always follow emotional trauma, he alone is standing out front, gladly waiting to receive the fruits of the outrageous decisions we seem ready to make. He is Sergio Marchionne, the CEO of Fiat, and he is undoubtedly a genius without peer.
\n


\nEncouraging Words
\n


\nConsider if you will what is happening in the automobile industry today: A near catastrophic collapse in new car sales in most countries of the world. One might think that this signals consumers\u2019 inability to purchase new cars, either for lack of a job or \u2014 as we have been told since last September \u2014 because they can\u2019t get a loan for their transportation needs. But those issues are not really the problem. Many of the jobs lost were low paying jobs and therefore not new car buyers, for the rest, loans are readily available.<\/i><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Ed Wallace<\/a>: <\/p>\n

They say you don\u2019t recognize history while you\u2019re living through it, but it won\u2019t be long before there\u2019s no doubt about the historic character of what\u2019s happening now. In the not too distant future, everyone will look back on this period and shake their heads, at both the disruption to our economy and many of our solutions to it. And when that day comes and today\u2019s events can be seen with real clarity, we will all turn to each other and ask, “What were we thinking?”
\n


\nOh, well. There is at least one man today whose mind is already focused on where he will be standing many years from now. He has coolly witnessed the turmoil inflicted on our financial system and is dispassionately observing the panic that has overtaken us all in its wake. And, knowing that foolish decisions almost always follow emotional trauma, he alone is standing out front, gladly waiting to receive the fruits of the outrageous decisions we seem ready to make. He is Sergio Marchionne, the CEO of Fiat, and he is undoubtedly a genius without peer.
\n


\nEncouraging Words
\n


\nConsider if you will what is happening in the automobile industry today: A near catastrophic collapse in new car sales in most countries of the world. One might think that this signals consumers\u2019 inability to purchase new cars, either for lack of a job or \u2014 as we have been told since last September \u2014 because they can\u2019t get a loan for their transportation needs. But those issues are not really the problem. Many of the jobs lost were low paying jobs and therefore not new car buyers, for the rest, loans are readily available.<\/i><\/p><\/blockquote>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28,39,9,17],"tags":[],"_links":{"self":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/3515"}],"collection":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3515"}],"version-history":[{"count":0,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/3515\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}