ford direct loan program
GOP Sen. Mel Martinez of FL delivered important backing for those urging the Bush administration to use a recently launched $700 billion corporate bailout program to rescue GM, Ford and Chrysler w/ desperately needed cash. "Within the authority of that package, I think it's possible...to direct a loan to that - to those entities," said Martinez.
The $25 billion bail out of the “big three” auto manufacturers — Ford, GM, and Chrysler. For the past few weeks the “big three” have been lobbying Congress for assistance through a direct loan program that was created by the 2007 energy law.
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ford direct loan program
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ford direct loan program
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