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REPORT: Fed predicts it will lose $30B on auto industry bailout
1 hour, 40 minutes ago ago from Autoblog
REPORT: Fed predicts it will lose $30B on auto industry bailout by Chris Shunk ( RSS feed ) on Dec 10th 2009 at 1:27PM 2009 isn't quite over yet, but we're pretty sure most automakers would rather forget that it ever happened. And while General Motors and Chrysler suffered the pain and humiliation of bankruptcy and workers lost thousands of jobs and many plants and dealerships closed, the good news is that the General and the Pentastar ...
Related contentGM may speed up repayment to U.S.
5 hours ago ago from Financial News for your Money - Pay1Day.com Personal Payday Loans and Cash Advance
According to the new CEO of General Motors ,the beleaguered auto giant is considering repaying the government all of the money it owes them in one lump sum rather than making payments. Still the loans are only a small part of the money that General Motors received. The company also got an estimated $50 billion in other cash. As the company came out of bankruptcy last summer the government also received some preferred shares of General ...
Related contentKucinich to force House vote on troop withdrawal from Afghanistan and Pakistan Count Us Out
20 hours ago ago from Count Us Out
By Sabrina Eaton, The Plain Dealer Cleveland Rep. Dennis Kucinich is pushing for a timetable for U.S. withdrawal from Afghanistan. WASHINGTON — U.S. Rep. Dennis Kucinich plans to force a House of Representatives vote early next year on whether to withdraw U.S. troops from Afghanistan and Pakistan. The Cleveland Democrat announced Wednesday that he has begun circulating a letter to colleagues that asks if they'd be willing to ...
Related contentBanking Profits
7 hours ago ago from A Very British Dude
A note to the Labour "Government" and their proxies in the BBC. We WANT the nationalised banks to make a profit. Because Labour think 'profit' is a dirty word, Just in case you can't work out why, that way RBS will one day get above the 60p price of the Government's stake, and Lloyds Banking Group will get above the 90p level*, roughly the price of the Government stake in that bank. Then the government can sell the stakes at a profit to ...
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