GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Chrysler Not Likely To Pay Back Govt Loans

12clicks · 05-06-2009, 01:48 PM

http://www.nytimes.com/2008/11/11/us...11auto.html?hp

The Bush administration, which has presided over a major intervention in the financial industry, has balked at allowing the automakers to tap into the $700 billion bailout fund, despite warnings last week that General Motors might not survive the year.

Mr. Obama and Congressional Democratic leaders say the bailout law authorizes the administration to extend assistance.

Mr. Obama went into his post-election meeting with Mr. Bush on Monday primed to urge him to support emergency aid to the auto industry, advisers to Mr. Obama said.

05-06-2009, 01:48 PM
12clicks Too lazy to set a custom title Industry Role: Join Date: Jan 2001 Location: God's right hand Posts: 19,788	http://www.nytimes.com/2008/11/11/us...11auto.html?hp The Bush administration, which has presided over a major intervention in the financial industry, has balked at allowing the automakers to tap into the $700 billion bailout fund, despite warnings last week that General Motors might not survive the year. Mr. Obama and Congressional Democratic leaders say the bailout law authorizes the administration to extend assistance. Mr. Obama went into his post-election meeting with Mr. Bush on Monday primed to urge him to support emergency aid to the auto industry, advisers to Mr. Obama said. __________________ I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.