News Source: Times Online
| 12 months ago
The chief executives of General Motors and Ford expressed remorse for having to beg the American taxpayer for a $34 billion (£23 billion) handout and insisted that they were learning from their mistakes. Their contrite remarks were made on Capitol...
News Source: United Press International
| 12 months ago
The U.S. auto industry provided more information to show it deserves taxpayer support than financial companies have, U.S...After providing billions of dollars to financial institutions, "Americans are still waiting for most of them to show that they...
News Source: United Press International
| 12 months ago
Sen. Christopher Dodd , D-Conn., said he believes Congress may be able to fashion a bailout plan for U.S. automakers based on what he heard Thursday. "I believe we've got the makings that we can put something together," Dodd said after he adjourned...
News Source: Belleville News-Democrat
| 12 months ago
Commercial banks borrowed slightly less from the Federal Reserve's emergency lending program over the past week, while investment firms stepped up their loans. The Fed's report, released Thursday, showed commercial banks averaged $90.3 billion in...
News Source: The Economic Times
| 12 months ago
Increasing consumer lending and dollar supplies to banks won't stem the failures and buy-outs in the financial sector. One should remember that spending more than we earn is how we got into this economic mess in the first place. Analysts see a rise...