Agent009 submitted on 12/7/2010 Auto Spies Photos Timestamp: 12:56:45 PM
Views : 6,626 | Category: Misc News | Source: | SOURCE: www.freep.com
Sen. Bernie Sanders of Vermont wants to know why the Federal Reserve spent billions of dollars helping foreign-based automakers during the financial crisis two years ago.Last week, the Fed released pages and pages of records on its activities during late 2008 and 2009 as the crisis in financial markets gathered steam and credit was frozen. Those records show that the Fed spent nearly $5 billion buying commercial paper -- unsecured, short-term loans usually used by companies to cover accounts receivable, inventories and payroll -- from Mitsubishi and Toyota. The loans matured and were due, typically, in three months.2011 Chrysler 300 Photo GalleryMystery Mercedes SUV Photo Gallery2011 Hyundai Elantra Photo Gallery2012 Audi A6 Photo GalleryPorsche Carrera 911 S Mark 2 Photo Gallery AutoSpies.com Photo GalleriesIf you want to see your photos running on our homepage photo ticker, be sure to upload your photos on the go by sending them to Mobile@AutoSpies.com Share on FacebookRead Article
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"Normal is an illusion. What's normal for the spider is chaos for the fly."— Agent009 (View Profile)
"Normal is an illusion. What's normal for the spider is chaos for the fly."
— Agent009 (View Profile)
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