NaderOrgBlog #22 Rolling the Dice on Derivatives and other articles from Raph Nader
from http://www.nader.org while Chrysler, which was bought off last year by a private equity firm, Cerberus, refuses to reveal its financial standing.It is no wonder why their lobbyists were spotted schmoozing with members of Congress at the Democratic and Republican National Conventions, liquoring up in their plush suites and private parties while they made their case for direct government loans which, if approved, would likely add to our federal deficit.Last December, Congress approved a $25 billion loan to automakers and their suppliers under the Energy Independence and Security Act, though it has yet to be funded. That bill includes a modest requirement for automakers to increase their average vehicle fuel efficiency to 35 mpg -- a benchmark we should have set decades
Channel: News & Politics
Uploaded: November 30, 1999 at 12:00 am
Author: h4ck3rm1k3
Length: 00:51
Rating: N/A
Views: 12
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