Word: bailing
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Should the U.S. government bail out the big three automakers? Nobody likes to see a competitor in this position because usually it messes up the whole market. When a big player is in trouble, the whole market is in trouble. Some people may think that competitors would be happy to see one car manufacturer go bankrupt, but I don't think so. Frankly, we are looking at it with a lot of anxiety...
Canada will likely have no choice but to bail out Detroit North if Washington rescues its own car companies. Rewarding decades of abysmal management and arrogance with billions of taxpayers' dollars might seem wasteful, but at least in the short run it will save Ontario, whose fortunes rise and fall with Detroit, from sliding further down the economic ladder...
...Siegelman was released on bail earlier this year after a federal court ruled that his appeal raises "substantial questions." But the issue that turned the case into a national controversy was the allegation of political bias. Critics, including a bipartisan group of 52 state attorneys general, have raised numerous questions, including the allegation that Siegelman was prosecuted at the insistence of Bush-appointed officials at the Justice Department and Leura G. Canary, a U.S. Attorney in Montgomery whose husband was Alabama's top Republican operative and who had worked closely with Rove for years...
There were lots of questions about what to do for General Motors, which appears headed for bankruptcy without government help. Paulson said TARP was never intended to bail out nonfinancial firms, so that money is off-limits. But he did indicate that the Bush Administration would be agreeable if Congress wanted to amend a law passed in September that provides $25 billion in loans to automakers for retooling, so that those funds can be used to keep GM and the two other members of the Detroit Three alive...
...saying: the odds are that stocks have further to fall, possibly much further. Short-term relief rallies, based on rays of hope that the worst of the credit crunch is behind us, are head fakes, and proof is easy to find. For example, in July, following the legislation to bail out the mortgage giants Fannie Mae and Freddie Mac, the markets rallied for four weeks, only to head south again as investors began to realize that the world (not just the U.S.) was probably entering a recession...