Tuesday, June 2, 2009

Geithner: wants quick, clean exit from auto firms

http://www.reuters.com/article/GCA-Economy/idUSTRE5500P220090601

Timothy Geithner was optimistic that U.S. automakers would come out from bankruptcy not needing for future government help. "We want a quick, clean exit as soon as conditions permit," he told students at Peking University in Beijing. "We're very optimistic these firms will emerge (from restructuring) without further government assistance." The 100-year-old automaker General Motors Corp will file for bankruptcy on june 1st forcing it into a new and uncertain era of government ownership.

I chose this article because this could give people a little hope. athe information is fairly presented and I would use this source again.

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