America In Danger – The Blog
Exposing the dangerous political corruption facing America today.

America In Danger – The Blog

Treasury wants record $550 billion to stabilize financial sector

November 3rd, 2008 . by admin

WASHINGTON (AFP) – The US Treasury said Monday it would seek to borrow a record 550 billion dollars in the October-December period to help stabilize the financial sector hammered by the global credit crisis.

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U.S. rejects GM’s call for help in a merger

November 3rd, 2008 . by admin

The Treasury Department has turned down a request by General Motors for up to $10 billion to help finance the automaker’s possible merger with Chrysler, according to people close to the discussions.

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