Episode 254 • • 35:58 - 47:11
254: Final Jeopardy
White House Whiteboard and General Motors IPO Analysis
Austin Goolsby of the Council of Economic Advisers is featured in a "White House Whiteboard" video explaining the success of the General Motors restructuring and IPO. The hosts characterize the presentation as misleading, arguing that the "profit" was manufactured through the Cash for Clunkers program and government investment. They claim the IPO primarily benefited big banks using funds from the Federal Reserve's quantitative easing.