Hear: Save Me



On today's Planet Money:

— President Barack Obama has a plan for the American automobile industry, as Chrysler and GM seek more loans from the government. Chrysler plant worker Joe Grassi considers the news that Washington wants his company to partner up with Fiat. Yale Law School professor Jonathan Macey says the government was right to ask GM CEO Rick Wagoner to step down, even if the request was unprecedented. Macey has been calling for Wagoner's ouster for months.

— If Americans are saving too little and the Japanese are saving too much, how much would be just right? The market knows, says economist Kent Smetters of the Wharton school of business.

Bonus: What you've been reading today, after the jump.

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Ten links sent by listeners and at least one economist in the past 24 hours:

Does Obama Have a Plan B?
(Adam Posen on The Daily Beast)

Matt Taibbi's The Big Takeover / (Rolling Stone)

AIG Exec Whines About Public Anger/ (Matt Taibbi on SmirkingChimp.com)

The Geithner Plan II (PowerPoint on Ritzholtz.com)

Bank Crisis Reaches Lake Wobegon/ (Prairie Home Companion)

Banks Walking Away on Foreclosures/ (New York Times)

Richard Grasso Interview/ (The Daily Beast)

AIG Wife Fights Back/ (New York magazine)

Mark-to-Market Lobby Buoys Bank Profits/ (Bloomberg)

AIG Responsible for Banks' Jan/Feb Profitability/ (Zero Hedge)



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