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Unformatted text preview: suppliers. In the fourth paragraph GM spokesman Dan Flores says, "This program will help suppliers access much needed liquidity during these difficult economic times." What Flores is saying is that by the government helping auto suppliers they can have a better chance of selling cars. In the times we are living in it is obvious to see that mortgages and cars aren’t as liquid as they were a couple of years ago. Mortgages and cars are labeled personal property and personal property is not a liquid asset. If the economy rebounds anytime soon both the real estate industry and auto industry may be able to rebound Hubbard, R Glenn 2007 Money, the Financial System and the Economy, Money and the Payments System (pp. 35) R. Harney, Kenneth (2009, March 22) The New Supply of Jumbo Financing in Pipeline. LA Times (Los Angeles, CA) Marr, Kendra (2009, April 9) U.S. releases aid to Auto Supplier. Washington Post (Washington DC)...
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- Spring '07
- Broadsheet, Los Angeles Times