More Bailout Talk's

This week, as many of you know, Congress held hearings on whether or not to LEND Detroit's auto makers money. This is not a bailout, this is a loan that must be repaid. Ford, GM and Chrysler are all asking for money to stabilize there institutions. Ford, while asking for a loan, is only asking for money in the event that one or both, of the others fail. Presumably to prop up its suppler network witch will be hampered to some extent. According to Barney Frank, head of the house finance committee, 80% of all suppliers service more than one of Detroit's three. So we will have to see if Congress can get there heads around the idea the this loan money is essential to more then just the three from Detroit.