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Nov 18: ROBERT GREENHILL on Tarp and Detroit
Part 1, November 18 2008: Robert Greenhill, founder and chairman of Greenhill & Co., tells Chrystia Freeland, US Managing Editor, that the US government needs to address distressed mortgages directly to help the economy recover, and says he expects bank lending to increase after the start of 2009. Mr Greenhill, who helped to restructure bankrupt Delta Air Lines, says the US auto industry needs to transform, that government funds should be used to help it restructure, and that the stigma of bankruptcy wouldn't keep people from buying cars. Next time, Rick Waddell of Northern Trust. If you have a question for Rick Waddell, please email it to the link below.