THANK YOU AMERICA!!! Chrysler Gets $4 Billion Loan In U.S. Bailout

DETROIT — Chrysler LLC received its $4 billion low-interest federal loan Friday, helping the auto maker continue funding its operations ... the next two months. Chrysler has been hurt more than GM and Ford Motor Co. by the U.S. recession because it relies on North America for about 90% of its sales. Tight credit and a weak economy [more...]

Date: 2009-01-04 19:05:27

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The Pride

is Back!Aaaand......now it's gone again.Chrysler selflessly volunteers to absorb part of America's dangerous money surplus:Chrysler Gets $4 Billion Loan in U.S. BailoutBy JEFF BENNETTDETROIT -- Chrysler LLC received its $4 billion low-interest federal loan Friday, helping the auto maker continue funding its operations [more...]

Date: 2009-01-03 06:45:00

TARP II: The Wrath of TALF

In normal times the Federal Reserve responds to crises by using teeny, gold-plated hydraulic levers to raise and lower interest rates ... which it will lend up to $200 billion to support the issuance of debt backed by consumer and small-business debt -- such as credit-card loans, student debt, auto loans and loans backed by the Small [more...]

Date: 2008-11-26 15:35:02

Handling Your Debt - What Tax Implications Are There?

by William Blake Sometimes when considering different ways to handle debt some fail to consider how some options may have a better tax benefit than ... to finance just about anything - an auto purchase, repayment of credit card debt… you name it. Even if your home equity loan has the same interest rate as your credit card it is still the better [more...]

Date: 2008-09-18 18:16:28

Cash for clunkers worked like this — (Sticker MSRP + markup + options + fees + taxes - $4,500 = Price you paid).

Financing 100% of the price of a car at anything other than 0% means you are under water after the first year. Most people put nothing down when buying a car — just ’sign and drive’ for whatever you can qualify for and believe the dealer has your interest at heart like with real estate agents. The average new car depreciates 10%- 20% in first year. A 60 month car loan won’t exactly ‘build equity’. Being in the Auto Industry, I can tell you we are having the worst September in our history. [more...]

Date: 2009-09-29 15:46:41

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