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Replies to #27753 on FOREX TRADERS
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Nettles

12/12/08 10:06 AM

#27754 RE: twk000jester #27753

WASHINGTON (MarketWatch) -- The Treasury Department said Friday that it would step in and lend funds to the Big 3 auto-makers until Congress has time to consider a long-term rescue package next year. Talks on a rescue package broke down in the Senate late on Thursday night, making action on a bailout impossible until next year. "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," Treasury spokeswoman Brooklyn McLaughlin said in a statement. Funds for the auto companies are likely to come from the Trouble Asset Relief plan. The decision to use TARP funds is a shift in the previous White House position that the $700 billion dollars should be limited to stabilizing the financial sector.
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Worn_Buffet

12/12/08 10:19 AM

#27759 RE: twk000jester #27753

Would that be considered the stocking stuffer? :0

OK....I think I'll have to go e z for the next several hrs.....this is sure 2 b one of those days where blowin thru 15 could very well occur by the 1st Sbux break.

May be a day for that Raging Bull board.....I shutter 2 think.