Democrats demand U.S. Big 3 offer survival plan (Reuters via Yahoo! UK & Ireland News) - Secured Loan Blog

November 21, 2008

Democrats demand U.S. Big 3 offer survival plan (Reuters via Yahoo! UK & Ireland News)

Democrats demand U.S. Big 3 offer survival plan (Reuters via Yahoo! UK & Ireland News)
Democratic congressional leaders, seeking to salvage a bailout of the Big Three automakers, demanded executives provide a business survival plan in exchange for their support of up to $25 billion (16 billion pounds) in loans.

Small lenders criticise FDIC scheme (Financial Times)
The Federal Deposit Insurance Corporation may on Friday revise a $1,400bn programme to guarantee bank debt on concerns the scheme could undermine the market for overnight loans between banks and unfairly disadvantage community lenders.

Related posts:

  1. Japan to offer 100 bln dlrs to help emerging nations: reports (AFP via Yahoo! UK & Ireland News)
  2. UAW chief urges $25 bln in U.S. auto support (Reuters via Yahoo! UK & Ireland News)
  3. White House says opposes more than $25 billion for automakers (Reuters via Yahoo! UK & Ireland News)
  4. Nissan offers zero percent loans on five models (Reuters)
  5. MP calls for cap on loans (Epolitix via Yahoo! UK & Ireland News)

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