Bush To Ok Auto Loan

[Kenneth B.]

The government will loan GM & MOPAR 17.4 Billion to keep them out of chapter 11. For now suppliers will still get paid. I think that was the only thing the government could do. Just like market bail out. Hold our noses & hope that things get better & that the government can get out of banking & the auto business. Nothing good down this road but I see no other choice.
KEN

[David D.]

Re: Bush To Ok Auto Loan

If anyone is interested OR you have issues with a good night's sleep....

The U.S. Treasury Department today released the term sheet and appendices for the Administration's plan for stabilizing the automotive industry.
REPORTS

• Chrysler Term Sheet and Appendix
• General Motors Term Sheet and Appendix

Enjoy,
David