Showing posts with label Detroit bailout. Show all posts
Showing posts with label Detroit bailout. Show all posts

Friday, December 19, 2008

Bush Caves to Detroit

Just now, Bush was on TV saying that he would give Detroit $15 billion out of the TARP money. No specific requirements for reform were laid upon Detroit. This ought to keep them out of bankruptcy court for a few months, long enough for the mess to land on Obama's desk.