Unintended Consequences

Story Here

According to an unnamed source[“Tim Geithner”], the US Treasury may set up an $18 billion fund to prop up unprofitable car parts manufacturers, so their failure doesn’t end up shutting down GM.

This entry was posted on Friday, February 27th, 2009 at 5:15 am and is filed under Bankruptcy Watch, Financial Collapse. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.