John Howard, CEO of Irving Place Capital, was a panelist at The Deal's M&A Outlook 2009 conference. In this clip, Howard talks about what actions he would like to see the government take over the next year. Those actions include freeing up liquidity, helping consumer confidence and a possible auto bailout.
Concerning the auto bailout, Howard said, "This issue about the government bailing out the auto businesses. The point that was made before is that it is critical for our economy that this happen, but simultaneously the way those businesses are run has to change. How you do that as a government is a very tricky issue."
The Deal's David Marcus interviews colleague Richard Collings, who reports on retail, about the recent travails of RadioShack. The troubled electronics retail chain is racing against the clock as it weighs its options, including a refinancing or a bankruptcy. It is burning through cash rapidly as it is unable to close money-losing locations. More video