No Government LBO Loan For Chrsler/GM

Here’s a surprise. The Bush administration has turned thumbs down on money for a Chrysler/GM merger. That takes some big ones.

Reportedly (NY Times Report Here) the Bushies are pushing to get the $25 billion already committed to the industry on the fast track. Apparently they didn’t want to devot any of their $700 billion slush fund to the car makers. Could that mean they see bigger problems down the pike and thus more calls on the kitty from the financial sector?

This just gets more and more curious.

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