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."
NewOak Capital LLC launched a nonqualified mortgage support services platform as part of its credit services division, which is led by partner Chad Burhance. For other updates launch today's Movers & shakers slideshow.
Competition Commissioner Margrethe Vestager said that mergers in the sector would continue to get close scrutiny in Brussels, particularly those that reduce the number of players in a market from four to three. More video