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AUTOMAKERS HEAD TO THE HILL
thepage.time.com - 11/18/2008
AUTOMAKERS HEAD TO THE HILL
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CEOs from General Motors Corp., Ford Motor Co. and Chrysler LLC are scheduled to testify before the Senate Banking Committee Tuesday. They will make their case for an industry bailout Wednesday at a House Financial Services Committee hearing as well. AP: "Behind the logjam is a ...
americanprogressaction.org - 11/17/2008
Time to Help U.S. Automakers
— americanprogressaction.org — Time to Help Detroit Automakers November 17, 2008 We urge you to support legislation to grant a... $25 billion bridge loan to the U.S. auto companies to ensure that they avoid bankruptcy. The auto industry is suffering from an extended, steep sales slump ... (more) Time to Help U.S. Automakers

Comments vote down Matthew Yglesias found this 11/17/2008found this
washingtonpost.com - 11/18/2008
George Will - Let the Automakers Go Bankrupt
— washingtonpost.com — "Nothing," said a General Motors spokesman last week, "has changed relative to the GM board's support for... the GM management team during this historically difficult economic period for the U.S. auto industry." Nothing? Not even the evaporation of ... (more) George Will - Let the Automakers Go Bankrupt
1 Comment vote down The Glittering Eye found this 11/18/2008found this
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Related: house financial services committee, senate banking committee
Only Halfway Through the Foreclosure Crisis?
blogs.abcnews.com 11/14/2008 — ABC News' Z. Byron Wolf Reports from Capitol Hill: Martin Eakes, who runs the Center for Responsible Lending, told the Senate Banking Committee in February 2007 that the U.S. was on the precipice of two million foreclosures for subprime loans....
Congress Dismayed By The Direction Of Paulson’s ‘$700 Billion Plane’ — Wonk Room
Today, Treasury Secretary Henry Paulson appeared before the House Financial Services Committee — alongside Federal Reserve Chairman Ben Bernanke and FDIC Chairman Sheila Bair — to explain his implementation of the $700 billion Troubled Assets Relief Program (TARP). During the ...
Mahoney on Sex Scandal: "I Will Ride This Out" — TPMMuckraker
Looks like the reality hasn't quite sunk in yet for Tim Mahoney. The red-faced Florida Democrat, who lost his House seat this month after admitting to at least two affairs, showed up today to a Financial Services Committee hearing today, ignoring the advice of the committee staff and even ...
The Auto Makers And The Health Care Crisis — Wonk Room
The Big Three automakers are scheduled to appear before the Senate Banking Committee today to ask Congress to bail-out the struggling industry. America’s car companies are in trouble and the health care crisis is at least partly to blame. For General Motors, health care costs add $1,525 ...
While You Debate, We Lose — Pundits Blog
Today’s testimony before the House Financial Services Committee by the usual suspects — Paulson, Bernanke and Bair — had a familiar combative tone. Congress has made it clear that it wants funds from the $700 billion TARP program to be used to help consumers renegotiate toxic mortgages and prop ...
Paulson goes on media offensive — The Swamp
by Frank James Treasury Secretary Henry Paulson Jr. is likely to feel pretty beat up by the time the just convened House Financial Services Committee meeting ends today. Some lawmakers are upset that the Paulson changed the thrust of the $700 billion bailout program from what he told ...
Bernanke, Paulson to Face Financial Grilling Tuesday — The Page by Mark Halperin
The Fed Chair and Treasury Secretary are set to discuss the bailout's progress during testimony before the House Financial Services Committee. WashPost: "With his 30-month tenure nearing its end, Paulson is leaving behind a legacy of federal interventionism that few would have ...
MORE ON THE COUNTRYWIDE SCANDALS: — Instapundit
MORE ON THE COUNTRYWIDE SCANDALS: While Congress has done nothing to look into sweetheart deals provided by Countrywide Financial to Senate Banking Committee Chairman Chris Dodd and Budget Committee Chairman Kent Conrad, the Postal Service is starting a serious investigation of one of its ...
In Which I Agree with Richard Shelby, and Ask the Next Question — Angry Bear
Via Dr. Black , the NYT quotes the Alabama Senator : “Companies fail every day and others take their place. I think this is a road we should not go down,” said Mr. Shelby, the senior Republican on the Senate Banking, Housing and Urban Affairs Committee. “They’re not building the right products,” ...
Dodd Says Auto Bailout Lacks Votes in Senate — Democratic Underground Latest Breaking News
Source: [b]NY Times[/b] WASHINGTON — The chairman of the Senate banking committee said on Thursday that he did not believe there would be enough Republican support for efforts to aid the floundering automobile manufacturers, raising doubts about whether Congressional leaders will call the ...
Dodd Says Auto Bailout Lacks Votes In Senate — The Huffington Post | Full News Feed
The chairman of the Senate banking committee said on Thursday that he did not believe there would be enough Republican support for efforts to aid floundering automobile manufacturers, raising doubts about whether Congressional leaders will call the House into a lame-duck session next week.  ...
Listen up — Politico Live's Blogs
In advance of Tuesday’s House Financial Services Committee oversight hearing on the economic rescue bill, officials from the Treasury Department, Federal Reserve and the Federal Deposit Insurance Corporation are briefing committee staff today on Capitol Hill. Stay tuned.
Shelby: Detroit woes "their problem" — Politico Live's Blogs
Alabama Sen. Richard Shelby, the top-ranking Republican on the Senate Banking Committee, puts his distaste for Democratic calls to bailout Detroit in blunt terms: "The financial straits that the Big Three find themselves is not the product of our current economic downturn, but instead is ...
Subsidizing Failure Breeds Success! — Vodkapundit
The floodgates are open: General Motors Corp., Ford Motor Co. and Chrysler LLC would get $25 billion in loans from the Treasury’s financial-rescue plan under a proposal by House Financial Services Committee Chairman Barney Frank. Legislation is needed to authorize the Treasury to use part ...
Obama Team Names Emissaries to G-20 — Political Punch
Former Rep. Jim Leach, R-Iowa, a former chairman of the House Banking and Financial Services Committee and a leader of "Republicans for Obama," and former Clinton Administration Secretary of State Madeleine Albright will meet with international delegations to the G-20...