The Chrysler bankruptcy isn't a done deal. Justice Ruth Bader Ginsburg has put a stop to it temporarily. Good. The proposed deal with Fiat needs to be examined.
To the question where the Obama administration will get $30 billion for post-bankruptcy GM financing, the answer is that it's TARP money. But TARP money was intended for banks. Is it legal to use it for Chrysler and GM? We'll see.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment