Bailout Watch 124: White House Says TARP Covers Auto
Loans

post from The Truth About Cars on 27 October 2008 05:12:17 PM. © The Truth About Cars

The Detroit News reports that the White House wants the feds to cover GM, Ford and Chrysler’s bad paper. “White House spokeswoman Dana Perino said that GMAC, Ford Motor Credit and Chrysler Financial could be part of the Trouble Asset Relief Program — the $750 billion Wall Street rescue package approved by Congress. ‘It’s possible [...]

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