WASHINGTON - Michigan lawmakers asked the government on Thursday to make it easier for car buyers to get loans, in hopes of helping U.S. automakers ride out the financial crisis.
The state’s congressional delegation want Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke to use their powers under the $700 billion bailout to buy troubled assets quickly from auto finance companies.
Democratic Rep. John Dingell also said automakers were considering asking the Fed for access to a program that provides low-cost credit. from http://www.msnbc.msn.com
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