Tag Archive for 'banks'

Compuware CEO reminds Shelby of Alabama’s foreign aid

December 12th, 2008 • by David Zatz

Note: The following letter was sent on Nov. 17 from Peter Karmanos, Jr., chairman and CEO of Compuware Corporation, to U.S. Sen. Richard Shelby, R-Ala., a critic of bridge loans for American automakers.
Dear Senator Shelby:
On Sunday, Nov. 16, I watched with great interest “Meet the Press,” during which you and Sen. Carl Levin debated the [...]

Tags: automakers, bailout, banks, federal, government, loans, senator, senators.
bailout

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House Republicans manage to convert automaker bailout to bank profits

December 10th, 2008 • by David Zatz

A new House bill spearheaded by Republicans replaces $15 billion in direct government loans to automakers with a $14 billion loan insurance program to be partly funded by the automakers. This would presumably loosen credit to automakers while assigning much of the risk to the American taxpayers, and providing large profits to banks which would [...]

Tags: automakers, bailout, banks, federal, government, loans.
bailout

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