Excerpt from NY Times article:
Bush Approves $17.4 Billion Auto Bailout
New York Times Online
By DAVID M. HERSZENHORN and DAVID E. SANGERPublished: December 19, 2008 WASHINGTON
— President Bush on Friday announced $13.4 billion in emergency loans to prevent the collapse of General Motors and Chrysler, and another $4 billion available for the hobbled automakers in February with the entire bailout conditioned on the companies undertaking sweeping reorganizations to show that they can return to profitability.
