Wednesday, September 24, 2008

Auto financing aid sought

Auto financing aid sought
Chrysler, trade group want $700B federal bailout to include bad लोंस

Auto finance companies are pitching to the government about bailing them out as well not just bad mortgage loans. Auto finance wants this to be included with the 700 billion dollar bail out in of the 25 billion for automakers to produce new car energy which in my opinion I believe they are pushing their luck with the governnment and is going to create a bigger national debt because according to the DetroitNews 10 percent of the automakers bad loans are classified as distressed!!!

House passes $25B in auto लोंस फॉर ऑटो makers

http://detroitnews.com/apps/pbcs.dll/article?AID=/20080924/AUTO01/809240442/1148

House passes $25B in auto loans


I agree with this Bill because I think it is going to help out our economy and we

don't have to depend on foreign oil and high gas prices in the future. On another note

it's a very good idea that the government express the idea of low interest on the

loan because like that we can get a good price on the vehicles and is a win-win
situation.!!!