Big Three CEOs speak before U.S. Senate

The three men at the head of Chrysler, General Motors and Ford are on the spot before lawmakers in the U.S. Senate today, pleading their case for a 'bridge loan' to help the automakers span the gap to a perceived future of prosperity. Remarks released ahead of the hearing before the Banking, Housing and Urban Affairs committee detail the tactics that will be employed to divert the anti-industry sentiment expected from the legislators. Comparisons to the $700 billion financial industry bailout, illustrating the small size of the $25 billion requested, and the fundamental difference between the outright grants proferred to banks, and the low-interest loans requested by the auto industry.

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