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Bush Puts Brakes on Big 3 Bailout

Good.  It looks like Bush is backing off a bit on bailing out the Big 3.

NEW YORK (CNNMoney.com)—President Bush said Monday he might use money from the Treasury program to aid financial services companies in order to avoid the bankruptcy of U.S. automakers, but he would not provide a timeline.

Posted by Owen at 0756 hrs
Economy + Politics + Politics - General

1. Yeah, well, alluvasudden GMAC, Chrysler Financial, and FoMoCo Financial will become “banks.”

   Posted by dad29 on December 15, 2008 at 2125 hrs
   
   
   

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