Source: Hunt for bankruptcy funds isn't last word on auto industry – Detroit Free Press

Source: Hunt for bankruptcy funds isn't last word on auto industry Detroit Free Press, United States The automakers had warned last week that bankruptcy could cost up to $125 billion, and imperil their ability to pay back the $17.4 billion in government loans already made. Many outside experts have called on the automakers to take bankruptcy as a way ...

BofA, CitiGroup: Nationalization not needed

Citi itself ran into problems last year when its highly leveraged investments in home loan securitizations started collapsing. Ken Lewis, chief executive of Bank of America, told his senior ...

Government seeks bankruptcy financing for automakers – Atlantic Online

News-Times

Government seeks bankruptcy financing for automakers Atlantic Online I confess, I'm impressed that the Obama administration seems willing to seriously contemplate putting the American auto industry into bankruptcy. The auto industry is the symbol of the 1950's-style highly unionized technocratic economy that has soared ... Why Can’t Cerberus Foot the Bill? New York Times Report: $40B in bankruptcy aid sought for GM, Chrysler Detroit Free Press White House pushes banks to support GM, Chrysler Globe and Mail Barron's Blogs - Automotive News all 84 news articles

Obama foreclosure plan

... same time as they encourage mortgage servicers to modify loans. The bill would give home loan servicers legal protection if they modify mortgages. The Kanjorski-Castle bill was approved by the ...

Fed says to buy agency debt on Feb 24

... (Reuters) - The Federal Reserve will buy Fannie Mae, Freddie Mac and the Federal Home Loan Bank debt on Tuesday, the New York Fed said on its website on Monday. ...

Michael Hiltzik: Obama recovery plan stimulates whining

... keep borrowers out of foreclosure, and new powers for bankruptcy judges to modify underwater home loans. The next day, , a market commentator and ex-futures trader on the financial news ...

UPDATE 3-Britain pumps billions into Northern Rock

... spokesman for the opposition Conservative Party, said it was a 'huge U-turn' to increase home loans at Northern Rock after the government's initial decision to cut the number of mortgages ...

Billions to be pumped into Northern Rock

... finance spokesman for the opposition , said it was a "huge U-turn" to increase home loans at Northern Rock after the government's initial decision to cut the number of mortgages ...

Autoworkers Union Reaches Deal on Health Benefits With Ford – Washington Post

Reuters

Autoworkers Union Reaches Deal on Health Benefits With Ford Washington Post, United States In order to keep $17.4 billion in federal loans, GM and Chrysler are required to modify how they handle their obligations to the health trust. The agreement with Ford, which had previously estimated its obligation to the trust at $13.2 billion in cash ... UAW Agrees to Let Ford Use Equity for Health Fund Bloomberg UAW and Ford reach deal on retiree health care trust Reuters Ford reaches deal with union on health care costs AFP TheStreet.com - Detroit Free Press all 266 news articles

Spin row over Rock’s 14bn lending’

... 1.87%, just three months earlier as Rock paid for its decision to offer huge home loans to people who could not afford them. The bank also reported losses of 1.4 ...

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