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Chrysler Getting $6.9 Billion for New Company, Treasury Says external link

Bloomberg | Fri, May 29

Bloomberg is the #7 News Source for United States Department of the Treasury

By John Hughes and Jeff Plungis May 29 (Bloomberg) -- The new Chrysler LLC that will emerge from bankruptcy will receive a $6.6 billion in exit financing, the US Treasury said today in a statement today. The new entity will also get almost $350 million ...

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Opinion: Willem Buiter: Treasury Will Have to Abandon Current Approach to Banks

There is just one way to make the US government’s policy towards the banks work. That is for the Congress to vote another $1.5 trillion worth of additional TARP money for the banks - $1 trillion to buy the remaining toxic assets off their balance sheets, and $0.5 trillion worth of additional ca...
Thu, Apr 16 |  from naked capitalism

 

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