StaffAllpar HomeMore NewsCarsTrucksUpcomingRepairsTest drives

Treasury to help industry, dealers

by David Zatz on

Treasury Secretary Timothy Geithner declared that the U.S. would spend up to $1 trillion to boost consumer credit, including car loans and inventory financing for dealers. Geithner noted that the approach of spending money to boost banks had not had the desired effects on the greater economy. 

The new effort is similar in principal to one announced by the Bush administration in November, which was never implemented. It is titled Term Asset-Backed Securities Loan Facility, (TALF), and is intended to rejuvenate loans for citizens by unfreezing the “secondary market” for loan-backed securities.

Geithner also noted that the $700 billion TARP fund would be overhauled and possibly renamed. TARP was the source of nearly $25 billion in aid to GM, GMAC, Chrysler, and Chrysler Financial.

David Zatz founded Allpar in 1998 (based on a site he had begun in 1993-94), after years of writing reviews for retail trades. He has been quoted by the New York Times, the Daily Telegraph, the Detroit News, and USA Today. Before making Allpar a full-time career, he was a consultant in organizational psychology. You can reach him by using our contact form (much preferred) or by calling (313) 766-2304


Tornado following the Hurricane?
rff 2019 ram 1500
See the clear, sharp 2019 Ram video; no crosshairs?
2018 jeep compass gauges
Oops: Compass “bright dash” recall

More Mopar Car
and Truck News

Some popular Allpar pages





Dodge Demon

2018 Wrangler JL



Staff details/contactsTerms of ServiceInformation is presented to the best of our knowledge. Plans change and sometimes mistakes are made. Decisions or purchases made based on this site's verbiage or images are done at the reader's own risk. Also see the Allpar News archives, 1997-2008 • Copyright © 2008-2017, Allpar LLC. All rights reserved. • Mopar, Dodge, Jeep, Chrysler, HEMI, and certain other names are trademarks of Fiat Chrysler Automobiles.