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Treasury Soliciting Bankruptcy Funding for GM, Chrysler 
naked capitalism | by Yves Smith(noreply@blogger.com) | Sun, Dec 7
naked capitalism is the #2 Blogger for United States Department of the Treasury
The government advisers also are looking at ways the Treasury could "prime" other banks making DIP loans, so the government could be paid back before private creditors. Banks are deeply resistant to such steps. Both GM and Chrysler insist they can avoid bankruptcy, warning that option co...
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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...
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