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Car_Shopper

A push for bailout money to help car buyers

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Poster: xcel (see this users gallery) DETROIT — Michigan’s Congressional delegation is urging the Treasury secretary and the Federal Reserve chairman to use their authority as part of the $700 billion bailout package to help more consumers obtain car loans, warning that the tightened credit markets were endangering millions of jobs… “In this current economic environment, it is imperative that the government ensures that liquidity is restored so that the U.S. auto industry is able to function until normalcy is restored to credit markets,” the lawmakers say in a draft of a letter to the Treasury secretary, Henry M. Paulson Jr., and the Fed chairman, Ben S. Bernanke, that was obtained by The New York Times…
· Date: Fri October 24, 2008 · Views: 5061 · Filesize: 55.6kb · Dimensions: 310 x 198 ·
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