Big Three CEOs speak before U.S. Senate

>> Sunday, January 4, 2009

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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