There may be an auto bailout by Wednesday?
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There may be an auto bailout by Wednesday?

December 15, 2008 – 11:29 pm – No Comment

News today from the Bush Administration says that they may pass the auto bailout on Wednesday. Like the proposal from the U.S. House of Representatives, the money will be coming from the banking bailout funds.

Treasury Secretary, Henry Paulson, said that the government would not just lend the money blindly to the auto industries without a guarantee of their long term viability.

Even Senator Bob Corker from Tennessee is even willing to reach a compromise, but wants there to be tougher restrictions and guidelines for the automakers.

Jeremy
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