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From what I have gathered, it doesn’t seem likely the auto makers will get any loan from the federal government. Henry Paulson is saying the money was stipulated for financial institutions, not businesses such as the auto makers. The suggestion of bankruptcy and Chapter 7 has been coming up and just might have to be [...]

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Today the news was all about the Big 3 Auto Makers back in Washington, only this time they asked for a loan for $34 billion! They seem to think that will help them keep afloat. They drove to Washington thus avoiding more criticism from using their private planes for the first trip. They blamed the [...]

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All 3 of the big auto makers CEOs went to Washington to beg the government for a bailout. They said they are all going under and things will get worse unless the government was willing to help. Yet all 3 came on their PRIVATE JETS. This would be like someone getting food stamps, going to [...]

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