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Treasury considers GM and Chrysler funding options


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:spend::spend::spend:

 

Outside advisers to the Treasury are lining up contingency financing options for General Motors Corp and Chrysler LLC as part of a review of restructuring options for the auto makers, a Treasury official said on Monday. The official commented to Reuters after the Wall Street Journal reported that outside advisers to the Treasury were talking with lenders about financing of at least $40 billion for the car companies, in case the two auto makers needed it.

 

http://biz.yahoo.com/rb/090223/business_us...asury_loan.html

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