Obama Hopes Chrysler, GM Remain Viable, Defends Bailouts

14/04/2009 (CEP News) - U.S. President Barack Obama said on Tuesday that preemptive takeovers of banks by the government would cost taxpayers more than the bailout funds, and would also undermine confidence in the banking system. Trade all capital markets with an HY Markets trading account. FX, Oil/Gas, Metals, Indices, Stocks. Open an account today! Read more: http://www.economicnews.ca/cepnews/wire/article/283921 If you would like to unsubscribe from CEP News Alerts please click here If you would like to update your email alerts please click here These emails are brought to you by the CEP News mailing system. CEP News online resources are subject to the following disclaimer. Users are required to read and agree to the terms found therein. If you have any questions or would like to report abuse, please contact us at webmaster@economicnews.ca. CEP News Copyright 2009