$25 Billion Isn't Enough: US Automakers Now Want Another Bailout For Bad Loans!

As Congress revises a bailout plan for Wall Street, U.S. auto companies hope the new package will stem a growing credit crisis that threatens to further crimp their industry.

The original $700 billion Wall Street deal, which was rejected by the House on Monday, included a substantial bailout for auto lenders. These companies hold a stable of bad auto loans that could shrink in value and hurt both the lenders and the vehicle makers. This bailout would have been separate from the $25 billion in low-cost loans for U.S. auto makers that President Bush signed into law Tuesday.

 

AgentOrange - 10/2/2008 5:00:03 PM

-1 Boost

Hey, is POTUS giving us the finger?

EnnNorak - 10/3/2008 9:14:52 AM

+1 Boost

I am against bailouts unless the organization doing the bailing out gets a huge chunk of equity in the process. As far as I am concerned, if a company comes to the taxpayer for funds that are essentially venture capital given the state of the economy, then the taxpayer should behave just like a venture capital shark in the bailout process.

Styles79 - 10/2/2008 5:11:32 PM

-1 Boost

A picture is worth a thousand words!

randy33 - 10/3/2008 2:42:28 AM

+3 Boost

And what's half a picture worth? Be nice to have the whole story here, wouldn't it? We've seen this picture a dozen times over the past 8 years, and yet never is the actual 'victim' identified.

Brembo - 10/2/2008 5:32:27 PM

+2 Boost

Thats what I think about a bailout for the auto companies.

1dott8 - 10/2/2008 8:14:22 PM

+2 Boost

is this a joke? i need a bailout, i have bills to pay.

randy33 - 10/3/2008 2:36:46 AM

+1 Boost

You helpless slob. Have some self respect and pay your own bills. Pathetic child.

1dott8 - 10/3/2008 9:29:33 AM

-2 Boost

helpless slob? now that's funny. i'm actually doing pretty well for myself. if you were smart, you would know that it was a cheap shot at these damn "helpless slob" companies. i know how to manage my money. by the way, watch your comments b*tch!

woood - 10/2/2008 11:33:49 PM

+1 Boost

Yugo, Chana, Chery, Geely, etc.....

woood - 10/2/2008 11:34:44 PM

+1 Boost

Skodas and Fiats would be luxury cars........

holmstar - 10/3/2008 8:19:06 AM

0 Boost

TROLL

Agent009 - 10/3/2008 9:12:37 AM

-1 Boost

cpt- pretty odd you would say that living so close to Detroit. (100 or so miles)

holmstar - 10/3/2008 8:16:21 AM

+1 Boost

bailing out badly performing companies prevents better companies from rising to replace them. There might be temporary pain for employees and investors if a company fails, but in the end the nation would be stronger if we just let them die.

NO BAIL-OUTS!... For anyone!

1dott8 - 10/3/2008 9:33:22 AM

+1 Boost

i agree!!!

sector - 10/3/2008 10:35:29 AM

+1 Boost

What! $25Billion isn't enough?

Man, the big three might as well file for chapter-11, other auto companies are not getting a handout!