Finance Questions

Posts Tagged ‘bailout’

Question: Does Congress have the testicles necessary to save the auto industry?

I'm thinking not. I also think that they need to consider the cost to suppliers and financial markets if they fail to act, and bankruptcy is forced on GM and Chrysler. If we are going to burn money, it seems like it's more important to give these companies a shot than burning it in Iraq or in Finance Companies that are still not doing what they were supposed to under the bailout package.

Answer: If they don't, and the companies fail, Congress will have shown itself to be as craven and idiotic and self-destructive as the Congress of Hoover's day.

Chrysler Financial Getting $1.5 Billion Loan from Treasury