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Detroit’s Big Three Asking for $50 Billion More in Bailout

November 8, 2008
Jason Green
Main

Bloomberg reports that Detroit’s Big 3 automakers (GM, Ford, and Chrysler) are asking for another $50 billion more in bailout. This is in addition to the $25 billion they received a little over a month ago as part of the budget bill.

2 Comments

2 Responses

  1. Nancy Pelosi and Harry Reid Urging More Detroit Bailouts | EndTheBailouts.com  •  November 9, 2008 @10:36 am

    [...] Detroit’s Big Three Asking for $50 Billion More in Bailout [...]

  2. Dave from PoFo  •  November 11, 2008 @3:25 am

    These are capital-intensive, strategic industries which indirectly support millions of people. They absolutely ought to be bailed out.

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