Monthly Archives: November 2008

Seven Reasons Government Must Invest In American Auto Makers

The Economic Policy Institute, in an article by by Robert Scott, is calling for government action to help the US Auto industry, saying that such action should be called an investment, not a bailout. EPI says, “Government intervention in the … Continue reading

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Robert Reich Asks, “Why Save Citigroup Bank and Not Save General Motors?”

In the wake of yesterday’s decision to bail out Citigroup, Robert Reich questions the reasoning that puts such emphasis on saving banks, but so little on saving automobile manufacturers.  Reich says, “Citigroup is not much different from General Motors. It’s … Continue reading

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Huge Bail Out For Citigroup Bank

Huge bail out of Citigroup is underway. According to the New York Times, “The complex plan calls for the government to back about $306 billion in loans and securities and directly invest about $20 billion in the company.” Citigroup has … Continue reading

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