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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (150206)	9/25/2008 11:59:25 AM
From: Les H	Read Replies (3) \| Respond to of 306849

Goldman Sachs to spend Warren Buffett billions on distressed assets The investment bank, which raised $5bn from Mr Buffett's Berkshire Hathaway plus a further $5bn from institutional investors, will use the money to buy assets either from the US government's planned $700bn bail-out fund or from banks directly. telegraph.co.uk it appears the treasury program is reserved for a select few instititions to profit from.

To: Les H who wrote (150206)	9/25/2008 12:01:22 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 306849

Automakers on the verge of receiving loans as well. I want my MTV ---- House approves $25 billion loan to automakers Business First of Louisville U.S. automakers and their suppliers won a key victory on Capitol Hill Wednesday when the U.S. House of Representatives approved a measure that would allows the government to fund a $25 billion loan pool for the auto industry. Companies such as Ford Motor Co., General Motors Corp. and Chrysler LLC had sought the funding for low-interest loans to help U.S. automakers develop and build more energy-efficient cars and trucks. The loans were approved last year but were not funding. The loans were designed to help automakers meet Corporate Average Fuel Economy, or fuel-efficiency, standards of at least 35 miles per gallon by 2020. The current bill provides funding as part of a broader measure that provides fiscal 2008 funding for the U.S. Department of Homeland Security. The bill passed 370 to 58 and will be considered by the U.S. Senate as early as Friday. Joe Hinrichs, group vice president of global manufacturing and labor affairs for Ford Motor Co., told Business First last week that any money Ford is loaned could help it retool plants like the Louisville Assembly Plant, which will switch from production of SUVs to small vehicles by 2011.