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Do You Favor A Government Loan To The Detroit 3?
The details will be worked out IF the proposal moves forward, but the talk is of a loan, with interest, to be repaid, not a bail out in the form of a conservatorship, a la Fannie Mae and Freddie Mac. Unlike with the giant mortgage institutions, the U.S. government will not take an ownership stake in the domestic auto companies, but lend them money, perhaps $50 billion, at favorable interest rates.
This discussion provides an opportunity to share your thoughts on this important matter.