Hi Everybody!

http://www.washingtonpost.com/wp-dyn/content/article/2008/11/20/AR2008112001963_2.html

or

http://tinyurl.com/637ydd

"We kept asking: 'What are you going to do with the money?' And they 
said: 'We're going to save the industry.' And we said: 'Well, how are 
you going to save the industry?' And they said: 'We're going to spend 
the money,' " recalled Sen. Robert F. Bennett (R-Utah), who quizzed the 
executives on Tuesday. "Even those who were very sympathetic walked away 
from that saying: 'What can I vote for out of this?' "

Rep. Barney Frank (D-Mass.), who chaired Wednesday's hearing in the 
House, said many lawmakers found it difficult to support a bailout for 
the auto industry so soon after approving a $700 billion rescue for the 
financial sector that has failed to calm to the markets. Instead of 
making more loans, some banks are hoarding the money or using it to buy 
weaker firms.
-- 
Regards,

Pete
http://pete-theisen.com/


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