money.cnn.com - 12/12/2008
—
WASHINGTON (CNN) -- The proposal to loan $14 billion to Detroit's struggling automakers collapsed late Thursday night but the Big Three may get some money anyway. Bush officials warned wavering GOP senators that if they didn't support the legislation, the White House will likely be forced to tap ...
money.cnn.com - 12/12/2008
—
money.cnn.com —
WASHINGTON (CNN) -- The proposal to loan $14
billion to Detroit's struggling automakers collapsed late Thursday night...
but the Big Three may get some money anyway. Bush officials warned wavering GOP senators earlier Thursday that if they didn't support ...
(more)
Wall Street bailout funds may be used to bail out ...
Comments
Blog Reactions
UAW Bailout Talks Collapse in Senate
Tammy Bruce —
... Despite saying the sky would fall if this bill wasn't passed, Bush is now making it clear he will authorize using some of the $700 billion bank bailout funds for Detroit. You know, that money that had to be doled out for the banking industry or the sky would fall. In other words, we have been summarily lied to throughout this entire pathetic economic drama. Perhaps too many hysterical claims that don't come true made by bozos has made us a bit skeptical. ...
White House May Just Lend Auto Companies the Money Through TARP
Firedoglake —
Looks like Republicans, in trying to cut the union's throat, may wind up with nothing, courtesy of Bush: ...
Progressive Breakfast: Obstructionist Cowards Try To Kill Economy
LiberalOasis : The Blog —
... CNN reports Bush may be ready to tap TARP: "Bush officials warned wavering GOP senators that if they didn't support the legislation, the White House will likely be forced to tap the Wall Street bailout to lend them money, two Republican congressional officials told CNN earlier ... One of the sources said the a White House official made clear to a GOP Senator that would be the worst option, because the loan could go to the auto companies with few or no requirements along with it." ...
GOP Auto Bailout Bungle: Professional-Grade Kabuki Theater?
Firedoglake —
... The GOP's auto-bailout bungle smells to me like GOP kabuki theater. It probably didn't start out that way, but it sure looks like it ended up that way. Here's the big tipoff from a story released Thursday night, after the bailout got shot down in the Senate: ...
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Bank Of America To Get Billions More In Bailout Funds From Treasury
huffingtonpost.com 1/15/2009 — The Treasury Department plans to invest billions of dollars in Bank of America to help the company absorb troubled investment bank Merrill Lynch, according to two people familiar with the matter, The Post's Binyamin Appelbaum reports.
The new ...
$14B auto bailout dies in Senate | detnews.com | The Detroit News
detnews.com 12/12/2008 — Julie Hirschfeld Davis and Ken Thomas / Associated Press WASHINGTON -- A $14 billion emergency bailout for U.S. automakers collapsed in the Senate Thursday night after the United Auto Workers refused to accede to Republican demands for swift wage ...
Auto Bailout: White House Considers Using Wall Street Bailout Funds
huffingtonpost.com 12/12/2008 — WASHINGTON — The White House said Friday it will consider using the Wall Street bailout fund to prevent the U.S. auto industry from collapsing after the Senate refused to pass a rescue bill endorsed by President Bush and congressional ...
Why Detroit Can't Keep Up
washingtonpost.com 11/23/2008 — Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ...
Detroit Bailout; Ford Opts Out?
ritholtz.com 12/9/2008 — As we noted Saturday morning, the $15B Detroit bailout is moving ahead. The preliminary deal looks to be a a loan, plus supervision and an equity stake. And I’m not sure, but Ford is making noise as if they are opting out of part of the ...
No Bailout Without Big Changes in Detroit
dcexaminer.com 11/12/2008 — Examiner Editorial - 11/12/08 There is little doubt but that the political fix is in, thanks to those meetings late last week among Big Three auto executives, United Auto Workers union officials and leading Democrats. The outgoing Bush administration ...
In Support of Jeb Bush for the United States Senate
wordpress.redstate.com 12/8/2008 — On Friday, when we first gave voice to the idea of Jeb Bush for United States Senate, a number of readers and others opined against the idea. The general refrain was “We’re tired of Bushes.” There were some additional “amnesty” and “offshore ...
Detroit 3 bailout now rests with Paulson
swamppolitics.com 12/12/2008 — by Frank James
Now that Senate Republicans have foiled the Detroit 3 bailout in a late-night vote, any hope Detroit has for a bailout falls to Treasury Secretary Henry Paulson Jr.
According to lawmakers on both sides of the aisle, the Emergency ...
Junior senator takes wheel in U.S. auto aid stakes —
Reuters: Politics 12/12/2008
WASHINGTON (Reuters) - Bob Corker, a first-term Republican senator and millionaire real estate developer, sought to broker one of the biggest deals of his life on Thursday -- a $14 billion bailout for Detroit automakers with tough enough conditions to ...
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