Can I borrow $50 billion?

Published over 3 years ago

US automotive manufacturers are asking the US government for $50 billion dollars in loans so that they can update their factories for more fuel efficient cars. Hmmm - with the real estate market bottoming out and the Fed seizing Fannie and Freddie, does Uncle Sam even have this money to lend out?

I guess it could probably be borrowed from China, but I believe that China is starting to manufacture their own cars, and might not want the competition.

Tesla has been able to secure financing enough to start manufacturing electric cars on their own, why can't General Motors and Ford?