President Bush said that he will offer loans from the TARP to cover funding needs for three months or so. The package is meant to mirror the one narrowly defeated in Congress less than two weeks ago.
Bush made it clear the a "disorderly" bankruptcy of the car makers would be too great a blow to the economy. But, he also made it clear to auto executives, the unions, and creditors, that if they cannot come up with reasonable restructuring plans which allow firms, especially GM (GM) and Chrysler, to operate independently, Chapter 11 is a possible outcome.
Douglas A. McIntyre
“The Next NVIDIA” Could Change Your Life
NVIDIA has returned 250-fold in the past 10 years as artificial intelligence took off.
But if you missed out on NVIDIA’s historic run, your chance to see life-changing profits from AI isn’t over.
The 24/7 Wall Street Analyst who first called NVIDIA’s AI-fueled rise in 2009 just published a brand-new research report named “The Next NVIDIA.”
The report outlines key breakthroughs in AI and the stocks ready to dominate the next wave of growth. The report is absolutely free. Simply enter your email below
By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you.
You have the option to opt-out of these emails at any moment. For more information, please review our Disclaimer and Terms of Use.