Tuesday, December 09, 2008

Big Three Auto Bailout

Congress will vote today on the 15 Billion dollar loan to GM, Chrysler, and Ford (although Ford doesn't need money in 2008); the Senate holds the ticket and the Big Three need 60 senators to agree on the loan which calls for an "auto czar" and a detailed plan by 3/31/09 from the automakers or they default on their loan at six percent interest.

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