Monday, October 27, 2008

Companies start competing for bailout money

MARTIN CRUTSINGER
Associated Press

October 27, 2008

The bailout is now the hottest lobbying game in town.

Insurers, automakers and American subsidiaries of foreign banks all want the Treasury Department to cut them a piece of the largest government rescue in U.S. history.

The betting is that many with their hands out will be successful, especially with financial markets in a stomach-churning dive and predictions the economy is about to tumble into a deep recession.

(read full article)