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Summers: market interventions only temporary
"The actions we take are those of necessity, not choice," he insisted, adding that President Barack Obama had no desire to "manage banks, insurance companies or car manufacturers." He said the government will sell its shares -- including about 60 Summers says financial rescues were 'necessity' US market interventions 'temporary': Obama economic aide Summers defends govt intervention as necessary and temporary -
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How you can pare down the costs of moving - News On 6 How you can pare down the costs of movingSome companies only provide insurance in certain states, so you may need to shop for a new policy. If yours is a national company, a simple letter or phone call informing the company of your address change should be sufficient. Car insurance rates will |
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Ally Bank bows to FDIC and cuts rates The FDIC's Temporary Liquidity Guarantee Program allows financial institutions to borrow, with FDIC backing, at near-Treasury rates in exchange for a fee. The FDIC approved GMAC last month to borrow $7.4 billion under the program. |
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Scrap Your Car For Cash - Green Muze Scrap Your Car For CashPete Lawson, vice president of government affairs at Ford Motor Co., explained, "This timely, targeted and temporary program will put money directly in the hands of consumers and work to reduce fuel consumption and greenhouse gas emissions. |
Speed of Delphi Bankruptcy Deal Draws Scrutiny - New York Times
New York TimesSpeed of Delphi Bankruptcy Deal Draws ScrutinyFor example, the government recently used it to support debt issued by GMAC, the car and home lender, which is afflicted by more than just capital market dislocations. GMAC is the first junk-rated company to use the Federal Deposit Insurance
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