GAO: Treasury Needs Better Oversight of Bailout Funds. Fed extends key credit programs designed to break down credit freezes and restore financial market stability. President-elect Obama to name Bill Richardson as his nominee to head the Commerce Department on Wednesday. Ford Motor Co. asks Congress for $9 billion “stand-by line of credit” to buoy its business. Ford says it will have enough money to make it through next year without governmental help in its plan that projects the company will break even or turn a pretax profit in 2011.”]
Source: https://www.bankinfosecurity.com/gao-treasury-needs-better-oversight-bailout-funds-a-1094