Okla-homey
6/10/2009, 06:29 AM
This just in...as it turns out, banks may be allowed to return their bail-out moolah, which many want to do in order to keep the current administration out of their board rooms and internal decision-making processes. A half-dozen banks want to return approximately $68B.
However, Citigroup needs even more money and is lobbying to get it. It has taken $45B so far.
on a related note, several major auto parts suppliers to GM and Chrysler are now petitioning the giverment for bail-out money of their own.
Finally, SCOTUS allows Fiat's purchase of Chrysler, thus, Chrysler will be owned by an Italian state owned-company to join US state-owned GM. Ford will now stand alone as the only privately owned car manufacturer in North America.
However, Citigroup needs even more money and is lobbying to get it. It has taken $45B so far.
on a related note, several major auto parts suppliers to GM and Chrysler are now petitioning the giverment for bail-out money of their own.
Finally, SCOTUS allows Fiat's purchase of Chrysler, thus, Chrysler will be owned by an Italian state owned-company to join US state-owned GM. Ford will now stand alone as the only privately owned car manufacturer in North America.