Detailed text transcripts for TV channel - MSNBC - 20120316:20:58:00
Last july, xm provided $949 million loan guarantee to cover this deal. this lowers costs and thus raises profits for boeing and ge. if the airline defaults on the loan, jp morgan, boeing, ge get paid anyway because the u.s. taxpayer pays the bill. today, the future of this hangs in the balance. if congress does nothing, xm expires may 31st. senate majority leader harry reid wants to expand xm. the defenders are president obama and most of the congressional leadership saying xm creates jobs by subsidizing exports. they forget that the lending capital they steer towards boeing would go to other ...
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