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US Automakers Request 34 Billion In Loans


07 Dec 2008  

General Motors, Ford and Chrysler are US automakers who are in deep trouble financially and need a loan bailout to stay afloat.
A total of $34 billion bailout has been requested, but lawmakers are able to provide only half of the requested amount at $15-billion loan package.
General Motors says they need at least $18 billion to […]

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Anglo Irish Bank Bad Loans


06 Dec 2008  

Anglo Irish bank is in denial over their bad loans being made out.
Despite its annual profits of 784 million, their shares have fallen by 52 per cent.

Now the bank is valued at 389 million, trading only just half of last year’s profits.
However Anglo Irish Bank doesn’t sees it as other financial experts and has raised […]

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