April 29 (Bloomberg) — President Barack Obama plans to announce tomorrow that Chrysler LLC will be placed into Chapter 11 bankruptcy, leading to an alliance with Italian automaker Fiat SpA, people involved in the matter said.
Category Archives: Uncategorized
President #44: His First 100 Days
RINO to DINO
WASHINGTON — Veteran Republican Sen. Arlen Specter of Pennsylvania switched parties Tuesday with a suddenness that stunned the Senate, a moderate’s defection that left Democrats one seat shy of a 60-vote filibuster-resistant majority with many of President Barack Obama’s key legislative priorities on the horizon.
I Think I’m Liking The Swine Flu
The swine flu may turn out to be our friend in disguise:
Lawmaker wants border closed over swine flu
By Molly K. Hooper
Posted: 04/25/09 11:28 PM [ET]
The “swine flu” that has infected more than 1,000 people in Mexico has led a lawmaker on the House Homeland Security Committee to call on U.S. officials to close the southern border.Rep. Eric Massa (D-N.Y.) said the border should be closed until the threat is resolved.
That’s the first Demorat who’s had a good idea in a long time.
BZ
Asking Your Government To Pay BACK Loans
Fornicalia Representative Tom McClintock (hey, my district!) has had to draft a bill to force the Secretary of the Treasury to accept repayment, by banks, of TARP funds.
Mr. Speaker: Many Americans have been shocked in recent days to learn that banks seeking to repay TARP money have been told the treasury will not allow them to do so.
Taxpayers were promised that this money was only to be used to buy up toxic assets and that it would be repaid to the treasury as soon as humanly possible.
And yet, when several banks have attempted to do precisely that, they’ve been told that the treasury will not allow them to do so.
This is a travesty. Just a few weeks ago, many members of this House reacted to the AIG bonus fiasco by saying, “We want our money back.” And yet when some banks have attempted to do just that, they’ve been turned away at the treasury gates.
M. Speaker, today I have introduced legislation to require the Secretary of the Treasury to accept TARP repayments unconditionally and immediately when they are presented. I hope that I can count on the support of all those who promised constituents these funds would be repaid at the earliest possible opportunity.
Did you ever think you’d see the day there would have to be a bill requiring the federal government to accept loan paybacks? This merely indicates the issue isn’t about the ability of an agency or entity to repay; it’s about the federal government insisting that it keep control of the agency or entity requesting the funding in the first place.
Agencies and entities deciding, on their own, that the don’t care for the strings attached to these loans.
BZ


