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bloomberg.com - 11/9/2008
Pelosi, Reid Urge Paulson to Extend Aid to Carmakers (Update1)
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Nov. 8 (Bloomberg) -- Democratic congressional leaders urged Treasury Secretary Henry Paulson to use the $700 billion rescue bill passed last month to provide temporary aid to the U.S. auto industry. House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid sent a letter to Paulson today ...
washingtonpost.com - 11/8/2008
Reid, Pelosi Urge Treasury to Extend Aid to Automakers
— washingtonpost.com — Washington Post Staff Writer Sunday, November 9, 2008; A01 With the nation's automotive industry hemorrhaging cash, congressional... leaders called on the Bush administration yesterday to offer government assistance to the car companies as part of the ... (more) Reid, Pelosi Urge Treasury to Extend Aid to Automakers
Comments vote down Snapped Shot found this 11/8/2008found this
online.wsj.com - 11/9/2008
Pelosi, Reid Press for Aid for Autos
— online.wsj.com — Pelosi and Reid are expected to send a letter to Bush urging him to assist the Big... Three auto makers by considering broadening the $700 billion TARP to help the troubled industry. (more) Pelosi, Reid Press for Aid for Autos

Comments vote down Calculated Risk found this 11/9/2008found this
washingtonpost.com - 11/9/2008
Reid, Pelosi Urge Treasury to Extend Aid to Automakers
— washingtonpost.com — 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. ... (more) Reid, Pelosi Urge Treasury to Extend Aid to Automakers

Comments vote down PoliGazette found this 11/9/2008found this

Blog Reactions

Ace of Spades HQ:  "Now Comes Talk of a Bailout from the Bailout"

Say Anything:  Nancy Pelosi, Harry Reid Want Henry Paulson To Use Bailout Money For Auto Industry

Comments
Blog Reactions

"Now Comes Talk of a Bailout from the Bailout"
Ace of Spades HQ — ... Bailout" This story just gets better and better. In a panic, we gave Treasury $700 billion and broad discretion to use it to keep the financial services industry from crumbling. We thought that money would be spent on the financial services industry, buying up toxic assets and other securities deemed necessary to keep ailing banks in the black. At present, no toxic assets have been purchased, but we have bought $172 billion in equity. Amusingly, Democrats are now arguing that the aiding the automobile industry is essential to that purpose . House Speaker Nancy Pelosi and ...

Nancy Pelosi, Harry Reid Want Henry Paulson To Use Bailout Money For Auto Industry
Say Anything — But who would the bailout really be for?  The auto industry?  Or the autoworker unions that are dragging the auto industry down? House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid sent a letter to Paulson today saying the rescue bill gives him “broad discretion to purchase, or make commitments to purchase, financial instruments you determine necessary to restore financial-market stability.” Pelosi was among the lawmakers who met two days ago with the chief executives of General Motors Corp., Ford Motor Co. and Chrysler LLC. The three companies are seeking $50 billion in federal ...

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Reid, Pelosi Urge Treasury to Extend Aid to Automakers — Wash Post In Congress 11/9/2008
With the nation's automotive industry hemorrhaging cash, congressional leaders called on the Bush administration yesterday to offer government assistance to the car companies as part of the Treasury Department's $700 billion emergency rescue program.  ...
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Lieberman can still help Dems, Reid says — CNN Political Ticker 11/9/2008
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