15
Dec
2008
Posted by Robert in Auto Bailout
Make no mistake. Although the auto bailout bill died in Congress last week (thank goodness for those conservatives who voted against cloture), there will, nevertheless, be an auto deal/bailout. It simply is a question of when. President Bush may allocate some of the TARP funds to bailing out the Big 3 automakers in order to [...]
08
Dec
2008
Posted by Robert in Auto Bailout
The White House and Congress are currently finalizing the auto deal that would bail out (via a series of loans) the Big 3 automakers to the tune of $15 billion. Yet the best deal that would provide the most long-term stability for the auto industry and the smallest burden on taxpayers is no deal at all. [...]