Dr Peter Morici: Bush Auto Plan will test Obama’s Union Loyalties; Loans of well over $100 billion will be needed
Dec 22nd, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
President Bush has agreed to lend GM and Chrysler $17.4 billion on the condition these firms complete a plan to accomplish financial viability and loans of well over $100 billion will be needed eventually.