"NEW YORK (AP) -- Wall Street appeared ready to retreat again Tuesday, as stock futures sank amid nervousness about the fate of Detroit's Big Three auto makers.
On Tuesday, executives of General Motors Corp., Ford Motor Co. and Chrysler LLC and the head of the United Auto Workers union will testify at a Senate Banking Committee hearing. The automakers, seeking $25 billion in government aid, have the backing of Democratic congressional leaders, but the Bush administration and Republican lawmakers are against the proposed bailout.
If there's one thing that Wall Street can't bear, it's uncertainty. Stocks have been trading erratically for several weeks as investors try to gauge the direction of the economy -- which relies heavily on jobs. A collapse of the U.S. auto industry would mean widespread job losses."
http://biz.yahoo.com/ap/081118/wall_street.html
Will any of them submit their resignation in lieu of a bailout?
What "tough" questions will they/should they be asked?
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