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Automakers? Bailout Depletes First Leg of TARP, Paulson Wants More

By DIANA GOLOBAY

Christmas came early this year to two failing automakers, who on Friday learned they have received the assistance they#8217;ve so long asked for. Treasury Department secretary Henry Paulson will step into the ongoing fight relief with an announcement Friday he will use $13.4 billion in funds from the Troubled Asset Relief Program to bail out [...]img src="http://feedproxy.google.com/~r/HousingWire/~4/rBwySGfwBYw" height="1" width="1"/

Full post as published by Housing Wire on December 19, 2008 (boomark / email).