Search results
Results from the WOW.Com Content Network
"Any bailout of the auto industry is really a bailout for the health benefits of the UAW. That's all it is." [48] Opponents of a bailout believe that the automakers' problems could be more efficiently resolved by a bankruptcy court with legal power to dissolve existing contracts, shedding costs, and debts that it can no longer afford.
Under terms of a $17.4 billion bailout approved by President Bush on Friday, General Motors and Chrysler have three months to turn things around. If they don't, they have to repay the loans and ...
Banks that received bailout money had compensated their top executives nearly $1.6 billion in 2007, including salaries, cash bonuses, stock options, and benefits including personal use of company jets and chauffeurs, home security, country club memberships, and professional money management. [83]
Based on an assessment that automobile manufacturing was a critical sector of the economy providing 3 to 4 million jobs for Americans, that liquidation was imminent for two of the three major U.S. automakers, and that the break ups would devastate the U.S. economy, the U.S. government became involved in the day-to-day management decisions of ...
Automakers are fearful of being tagged as seeking a new government bailout so soon after the 2009 government-funded auto restructurings. Detroit has not sought industry-specific assistance ...
Need help? Call us! 800-290-4726 Login / Join. Mail
In Dec 2008, Congress declined to authorize the Auto industry bailout bill. [1] The defendant (U.S. Government) asked to allow the bankruptcy plan to proceed, noting that the needs of the economy outweigh the needs of the deal's detractors. Government lawyers defended the use of funds from TARP and argued that Indiana's appeal lacked legal merit.
For premium support please call: 800-290-4726 more ways to reach us