Big Auto's Latest Suckers: The Treasury

Author:
Updated:
Original:

The Treasury Department said Friday it's prepared to act to avoid any possible collapse of nation's three largest auto companies given that rescue efforts in Congress have failed.
"Because Congress failed to act, we will stand ready to prevent an imminent failure until Congress reconvenes and acts to address the long-term viability of the industry," said Treasury spokeswoman Brookly McLaughlin.

Treasury ready to prevent collapse of automakers [Yahoo Finance (Yes, we know, we know)]

Related