Fed: TALF to Begin Disbursing Funds March 25th
From the Fed : In carrying out the Financial Stability Plan, ... by newly and recently originated auto loans, credit card loans, student loans, and SBA-guaranteed small business loans. Issuers and investors in the private sector are expected to begin arranging [more...]
Date: 2009-03-03 14:25:00
Blog posts
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Videos
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US Government Supports Student Debt, Not Higher Education
In case you haven't heard the news, the next lucky winners of the bailout games are student loan lenders ... up to $200-billion to financial institutions that hold securities backed by student loans, auto loans ... , all legal in this system that is guaranteed to make money and put people of all ages into lifelong [more...]
Date: 2008-11-26 12:42:00
Got a tip for a post?: Email us | Anonymous form Get PEEK in your mailbox! ... and start-up companies, fast tracked loan guarantees for the auto industry, infrastructure projects ... . Video excerpts aren't yet available online, but I'd encourage folks to check out the transcript [more...]
Date: 2008-10-14 13:45:29
L.A. Times Claims Obama More Honest than McCain
All week, I’ve been meaning to write about this Los Angeles Times article from last weekend, ... about the foundering economy and — attention, Michigan voters — has refused to support loan guarantees for the auto industry. If any of those statements rings true, then a campaign adage has proved itself [more...]
Date: 2008-09-20 21:47:31
The Terrible Lessons of Bear Stearns
As Lehman Brothers (LEH) turns into a single digit financial midget on its way to zero, as Washington Mutual (WM) ... , you will not get saved. On the other hand, if Mortgages are important, credit cards and auto loans ... in Federal Reserve bad paper guarantees -- are quite stark: • Go Big: Don't just risk your company, risk [more...]
Date: 2008-09-15 11:09:30
The first step toward recovery
By Kate Sheppard Barack Obama. Photo: David Katz/Obama for America On Thursday, ... and an extension of the production tax credit for renewable energy. The draft includes $50 billion in loan guarantees to help the auto industry "retool, develop new battery technologies, and produce the next [more...]
Date: 2009-01-10 12:44:19
Good news, Detroit
Bloomberg's saying the Fed is weighing options to save CitigroupCitigroup Inc. and U.S ... familiar with the matter said.. snip The holdings that may be guaranteed are a portion of the $400 billion pile of mortgages, bonds, auto loans and corporate loans that Chief Executive Officer Vikram [more...]
Date: 2008-11-24 03:05:00
Carmakers in Germany are facing their worst crisis in decades
The economic crisis that hit the world in the past few months could not have avoided the already hurting auto industry ... values of leased cars. BMW hopes to counteratack the crisis in short term by lowering its financial ... government loan guarantees on the loans taken out by the carmakers’ financing divisions. As we learned [more...]
Date: 2008-11-30 07:28:09
A Rescue Plan for the Middle Class
Barack Obama delivered a speech in Toledo, Ohio this morning in which he proposed new ideas for dealing with our current economic crisis ... to double $25 billion the government loan guarantees for automakers and to temporarily eliminate taxes ... got auto plants right here in Ohio that have been around [more...]
Date: 2008-10-13 18:19:42
Saab Snippets
A late word from the Detroit Auto Show that got caught in my spam folder ... Dagens Industri have another report about loan guarantees for Saab today. Here’s a translation, again ... and consequently Saab have to wait for government loan guarantees. Approved business plans [more...]
Date: 2009-01-27 11:32:59
Car Loans for Everyone
With Rapid Car Loans, no problems can hold you back from placing your car on the road. Our widespread network of lenders would offer you low interest rates with guaranteed and instant approval wherein you can get auto loans approved within 48 hour of application. So get ready [more...]
Date: 2008-11-12 17:31:15
Klegon: No more job cuts
Klegon: No more job cuts February 12th, 2009 by Bill Cawthon Frank Klegon, Chrysler’s executive vice president for product development, ... $3 billion in government-guaranteed loans. Share and Enjoy: Digg del.icio.us Facebook Google Tags: Chrysler, general motors, Klegon, layoffs, loans. Auto industry, Chrysler [more...]
Date: 2009-02-12 10:16:22
Bail out the auto industry?
A road map for DetroitDon't scrap the US auto industry. Overhaul it. Here's how ... in federally guaranteed loans only after company management seeks Chapter 11 protection, to finally ... the engine and keep it for the long run.As it stands, the $25 billion US auto industry bailout [more...]
Date: 2008-11-19 23:51:00
BAILOUT R NOT US
Here's a good opinion piece about bailing out the car companies. The current economic crisis didn't cause the meltdown in Detroit ... and sustainable. The Stabilization Board did its job -- selling government-guaranteed airline loans ... with enormous "legacy costs," but those didn't just happen. For decades, the United Auto Workers union [more...]
Date: 2008-11-13 18:25:42
Automakers To Spin Their Wheels
After it appeared that a compromise deal was reached by some key Senators on providing $25 billion in loans to the auto companies, as it turned out that deal was based on taking away the money guaranteed to them in exchange ... for success.Democratic leaders in Congress sidetracked legislation to bail out the auto industry Thursday [more...]
Date: 2008-11-20 20:55:00
Government Rejects GM & Cerberus Lobbying To Finance Merger Of Two Wrongs
I can't say any of this is positive news but at least GM will now, if only temporarily, ... and Chrysler, I am not opposed to providing guaranteed loans should the industry first take the steps necessary to right their businesses. An auto industry willing to rationalize its production [more...]
Date: 2008-11-04 10:49:00
Corporate Socialism - Public Hostile Takeover
The auto bailout may be just another government atrocity that is being considered against the will of the people, ... in loan guarantees. But as with the earlier bids, those who strongly oppose the measure greatly ... up for handouts and willing to turn over their business’s sovereignty in return, the only other barrier [more...]
Date: 2008-12-16 12:48:50
Emissions, Green Vehicle Quid Pro Quo for Auto Makers' Bailout
The US government, and public, should make any additional federal loans, ... these companies a 'free ride.' If taxpayers are going to be put at risk by guaranteeing new loans ... it cannot do for itself." Fifteen states have adopted regulations requiring automobile manufacturers [more...]
Date: 2008-11-12 03:34:13
Carmaker Bailout - Why?
How much taxpayer guaranteed loans did Toyota need to develop hybrid cars? GM, Ford Seek $50 Billion in U.S. Loans, Doubling First Request Aug. 22 (Bloomberg) -- General Motors Corp., Ford Motor Co., Chrysler LLC and U.S. auto-parts makers are seeking $50 billion in government-backed loans, double their initial request, to develop [more...]
Date: 2008-08-22 19:24:16
Bailout payout tops $8 trillion
http://news.yahoo.com/s/politico/16620 As the holiday season commences, it’s worth taking stock of the last gift that President George W ... trillion dollars’ worth of potential taxpayer commitments for loans, guarantees and other bailout goodies ... for homeowners from the Federal Housing Authority. • $25 billion in assistance for auto companies [more...]
Date: 2008-12-20 18:47:59
A Good Job
During the course of the campaign seasons, which never seems to end, we hear politicians promise policies that will create good jobs ... to the two insolvent GSEs or the auto industry. One viewer emailed that bailing out the auto companies would ... for such protection comes in several forms. The source of the money for loans, subsidies, or guarantees [more...]
Date: 2008-08-27 04:03:46
Swedish government announces Auto industry aid
News is starting to come through from Sweden of an announcement from the government of a US$3.4billion package to aid the ailing car industry there ... to be things such as research funding, which is allowable by the EU, or loan guarantees should they require further financing. More info will be posted as it becomes available. —— UPDATE: Reuters [more...]
Date: 2008-12-11 11:14:48
Could JWT Successfully Market The ECOnetic?
There's a very interesting article in BusinessWeek entitled "The 65 MPG Ford the US Can't Have" about the diesel-powered Ford Fiesta ECOnetic, ... automakers are contemplating going to the government to get guaranteed loans. But if their best ... , after a four-year ban. James N. Hall, of auto researcher 293 Analysts, says that bellwether state [more...]
Date: 2008-09-09 15:01:19
Going to a "soup kitchen in high hat and tuxedo"
This was a quote from a congressman at day two of yesterday's beg-a-thon hearings from the Big 3 auto makers after finding out the executives flew to ... vote on the loan guarantees, and overall, Congress does not seem inclined to just hand over a blank [more...]
Date: 2008-11-21 16:07:00
MICHIGAN FOCUS: Blogs, Obama, Energy, Mark Schauer, Gary Peters, Groups and Events
WINNING MICHIGAN: Please donate to win some hotly contested House seats as well as local races in Michigan (you can read more about these races below) ... in Lansing.Alternative energy could revive auto industry, Michigan economy. I was talking about this in 2006!Obama pledges $4 billion in guaranteed loans and tax credits to help U.S. automakers [more...]
Date: 2008-09-04 10:48:00
MICHIGAN FOCUS: Blogs, Obama, Energy, Mark Schauer, Gary Peters, Groups and Events
WINNING MICHIGAN: Please donate to win some hotly contested House seats as well as local races in Michigan (you can read more about these races below) ... Speech in Lansing.Alternative energy could revive auto industry, Michigan economy. I was talking about this in 2006!Obama pledges $4 billion in guaranteed loans and tax credits to help U.S. [more...]
Date: 2008-09-19 16:43:00
Stop The Auto Bailout Campaign
Enough is enough. Congress is about to waste more money attempting to prop up ailing dinosaurs GM and Ford ... out, the push is for an additional $25 billion in federal loan guarantees for Detroit in addition ... . According to a recent study by the Center for Automotive Research (CAR), if the domestic automakers cut [more...]
Date: 2008-11-17 22:36:00
RIP, Detroit
Oh, the US auto industry. Oh, GM. There are some ugly facts out there: GM is heading for an ugly crash, ... , needed $25 billion in loan guarantees. It wasn’t a bailout, he said. It was a way to enable the car companies to retool for innovation. I could not help but shout back at the TV screen: “ [more...]
Date: 2008-11-15 12:45:49
DC Auto Bailout Ideas Involve US Equity Stakes, Turn into an Early Christmas Tree
Can I have permission to utter the S-word (”socialism”)? Ken Thomas’s Associated Press report today ( ... that the current bailout is over and above the $25 billion in government-guaranteed loans that has already ... link is dynamic, subject to change, and will probably be gone in a week) on auto industry bailout [more...]
Date: 2008-11-13 17:25:20
That's a joke, right?
"The more federal oversight and regulation you were subject to, the fewer bad loans you made." You're kidding, right? ... shareholders own banks (for now). Would these loans, if not for taxpayer-guaranteed backstops against ... ? Fool. Your first Palin link doesn't include any mention of her. It's about the auto bailout [more...]
Date: 2009-02-27 01:09:16
DC Auto Bailout Ideas Involve US Equity Stakes, Turn into an Early Christmas Tree
Can I have permission to utter the S-word ("socialism")? Ken Thomas's Associated Press report today ( ... that the current bailout is over and above the $25 billion in government-guaranteed loans ... link is dynamic, subject to change, and will probably be gone in a week) on auto industry bailout [more...]
Date: 2008-11-13 17:35:19
MICHIGAN FOCUS: Blogs, Obama, Energy, Mark Schauer, Gary Peters, Groups and Events
WINNING MICHIGAN: Please donate to win some hotly contested House seats as well as local races in Michigan (you can read more about these races below) ... by PalinBarack Obama's Energy Speech in Lansing.Alternative energy could revive auto industry, Michigan economy. I was talking about this in 2006!Obama pledges $4 billion in guaranteed loans and tax [more...]
Date: 2008-09-13 11:13:00
Poll: Most Americans oppose auto bailout
The bailout of the Big Three automakers remains unpopular with the American people, as the Washington Post (on page D8, I'm told) ... to secure up to $34 billion in loan guarantees. But as with the earlier bids, those who strongly oppose ... the front office object to government help. Technorati tags: Democrats economy business politics detroit [more...]
Date: 2008-12-16 21:25:00
Auto crisis
RG mail The B u l l e t Socialist Project E-Bulletin No ... Crisis Sam Gindin At the end of 1979, President Carter offered loan guarantees to Chrysler ... workers. And it was understood that in responding to the loan requests from General Motors (GM [more...]
Date: 2009-01-07 18:26:15
Bid Day in Bailout Land
Bid Day in Bailout Land Posted by: Ben Levisohn on November 25 Despite spending over $300 billion of the $700 billion allotted by Congress, ... , and auto loans of the highest rated borrowers. If all goes as planned, banks will start lending again ... up credit markets and the first government guaranteed bond hitting the market. blogmoney.jpg Let's [more...]
Date: 2008-11-25 23:22:00
GM Chrysler Merger?
Back in 1979, Chrysler’s Lee Iacocca became a celebrity and the government’s $1.5 Billion bailout/loan guarantee to the company was one of the most hotly discussed issues ... a $25 billion loan program for the auto industry with barely a hearing or headline. Even in 1979 [more...]
Date: 2008-10-11 14:50:20
Auto industry crisis going global
German carmakers estimate they could lay off 100,000 employees ... guaranteed loans from Berlin. Read the full story for all the woes of the Euro auto industry.There [more...]
Date: 2008-11-28 17:05:01
House passes bailout bill for auto makers.
Business: The beginning of money being wasted on companies that refuse to take responsibility for their own business practices that got them into ... $7.5 billion in taxpayer funds needed to guarantee $25 billion in low-interest loans to help [more...]
Date: 2008-09-25 05:29:30
Swedish Auto Industry Gets $3.5 Billion Aid Package
The $3.5 billion package will take the form of increased investment in research and development and state credit guarantees for raising loans from the European Investment Bank [more...]
Date: 2008-12-11 14:46:40
Save Virginia From Any Federal Auto Bailout
Virginians need to be concerned about what the federal government will do to screw up the economy - like Hoover and FDR did ... like this one for the Automobile industry; “the most important piece of any recovery package ... with federal loans, is a program of private financing with federal guarantees. There is no doubt [more...]
Date: 2008-12-17 14:02:00
Money For Nothing, Chicks For Free
Rewarding the big banking and auto-sector losers – whose short-sighted greed, ... savings and loan bailout of yesteryear, it seems to me about the equivalent of tossing billions ... is the biggest issuer of government-guaranteed debt, paid itself and 10 co-managers 30 basis points to sell [more...]
Date: 2009-02-17 23:36:10
Positive Psychology Workshops to boost happiness at work
THE fear of looming job losses is affecting workers’ morale so much some employers have resorted to “happiness classes” for key personnel. Even companies that seem to be weathering the storm are suffering from “pre-absenteeism” among staff who can’t focus because of the fear of losing their jobs, according to a survey by Drake recruiters [more...]
Date: 2009-03-10 07:53:53
You asked for fiction
As the golden sunlight of a late Michigan afternoon poured into Bob’s neat but modest home in one of the oldest residential sections of Detroit, ... like no administration had before. The economy was booming. Bob’s job as a janitor at the auto ... a large part of his nest egg into derivitives, which were guaranteed to climb because of their highly [more...]
Date: 2008-10-12 05:07:10
The Fleecing of America
Over 200 years ago, Thomas Paine wrote a treatise on government in which he said "a republic is supposed to be directed by certain fundamental principles of right and justice, from which there cannot, because there ought not to, be any deviation. (It) is executed by a select number of persons, who act as representatives, and in behalf of the whole, [more...]
Date: 2008-10-05 21:17:00
Bryan Daniel’s role in the financial crisis
In 2001, Bryan Daniel was appointed to head up the United States Department of Agriculture (USDA) Rural Development Program (RDP) in Texas ... loans with the important directive to spur economic growth in Texas’ depressed rural areas. Only ... -backed loans require a good credit rating, and are definitely not sub-prime. In this press release [more...]
Date: 2008-10-29 14:01:26
"A tourniquet for a hemorrhaging economy"
There will be many parties watching with bated breath to see whether the Senate will pass its huge combo bailout-energy-tax bill on Wednesday night ... percent of applications for auto loans in the United States were approved ... but so far this year ... ... On Wednesday, the auto industry reported horrible monthly sales numbers for September. Ford and [more...]
Date: 2008-10-02 01:06:53
Geithner Discusses Nationalization In $2 Trillion Bailout Proposal
Barney Frank once again is leading the way in a mad rush to do something, even though his track record in such cases is a perfect zero. Please consider Lawmakers Weigh Bad-Bank Plan Top U.S. House and Senate Democrats are taking a wait-and-see approach to the Obama administration's potential plan to create a "bad bank" to buy up toxic assets, [more...]
Date: 2009-01-29 11:48:16
Crisis of irresponsibility
The ongoing economic turmoil in the US and the rest of the world has been termed a “credit crisis,” a “financial meltdown,” a “market free fall, ... irresponsibility. When a government policy forces banks to give out bad loans, then more bad loans ... generally denied loans to people in poor neighborhoods. But the politicians – with good intent – wanted [more...]
Date: 2008-10-13 01:05:00
"Lemon Socialism"
Ever since the National Post blog called me "Best of the blogosphere (left wing version)" I've been looking for a way to improve my street cred as a business Liberal. To that end, I've been making fun of these stupid bailouts, because they're stupid. After the US government has spent 8 Trillion dollars bailing out badly managed American companies, [more...]
Date: 2009-01-24 18:26:00
Because Looking Is Free and the Recession Is a Drag
I hate shopping, which is good because it helps keep me from spending. I love, however, looking. I especially love looking online, where there are no mirrors or salespeople or other customers or distracting sale racks. When I shop, it is almost exclusively online and it is Strategic. But Lindsey is so, so much better at it than I am. See! [more...]
Date: 2009-02-25 23:22:05
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