Thursday, March 19, 2009

Treasury Announces Auto Supplier Support Program

The Treasury today announced a new program to help stabilize the auto supply industry. The Auto Supplier Support Program will provide up to $5 billion in financing to the sector.

Marty Weiss nailed it during his press conference today, he said, the government "is trying to prop up the economy to where it was, before the crisis, and that can't be done."

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