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Tag Archive: Rep. John Dingell

Does Congress think Detroit is a good investment?

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It appears that <a href="http://apnews.myway.com/article/20081117/D94GUIK80.html">the auto bailout</a> is stalled for now, as congressional leadership and the Bush administration have come to loggerheads over providing $25 to $50 billion in loans to General Motors, Ford Motor Company, and Chrysler.

I found it interesting that, as of December 2007 (the most recent date for which disclosures are available), just 27 of the 535 members of Congress owned stock in at least one of the big three automakers, according to <a href="http://www.opensecrets.org">Open Secrets</a>. They disclosed holdings worth ...

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