RECENT POSTS
- Your First Move For Tuesday May 29th
- Chesapeake Should Rally Into $20’s: Pro Trader
- Najarian: Yahoo! a Must Own Stock
- Marc Faber: 100% Chance of Global Recession
- Your First Move For Friday May 25th
- Desperately Seeking Dividend Yield
- Tech Is Trying to Tell You Something: Terranova
- Charts Suggest S&P Revisits Flat on Year: Top Analyst
FAST MONEY FEATURES
FAST MONEY POLLGet in the post game. Respond to our "Question of the Day" right now.
FULL SHOWSMissed an episode of Fast Money? Watch the latest show here.
FAST MONEY PODCASTS
Download Fast Money onto your MP3 Player.
FAST MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
SHOP FOR FAST MONEY MERCHANDISEGet your game on with Fast Money gear.
FAST MONEY SLIDESHOWS!Check out our scrapbook. These "pix" are guaranteed winners.
NEWSLETTERSign up for our daily newsletter!
Text Size 
'Big 3' CEOs On The Hill - See What People Are Saying
 |
US auto executives took their case for a $25 billion bailout to Congress on Tuesday, warning that the industry was on the brink of disaster. But prospects for a bailout this week appeared dim.
Rick Wagoner, the head of General Motors [GM
Loading...
()
], bluntly told the Senate Banking Committee why the executives were there.
"This is about much more than just Detroit," Wagoner said. "It's about saving the U.S. economy from a catastrophic collapse."
Earlier in the day, Ford Motor [F
Loading...
()
] Chief Executive Alan Mulally warned of dire possible consequences for the auto industry if one of Detroit's Big Three carmakers had to file for bankruptcy.
Mulally said in an interview with CNBC that consumers would be less likely to buy a car from a bankrupt automaker, thus deepening the industry's problems.
Strategy Session with the Fast Money Traders
"I don’t see what’s in the history of the automakers that leads anyone to believe that a $25 billion dollar loan isn’t just throwing good money after bad, says Karen Finerman.
"They’re promising to build more fuel efficient vehicles but that’s not really the issue," says Tim Seymour. "It’s about accountability."
"You know what I feel good about? My Toyota [TM
Loading...
()
] short position," exclaims Jeff Macke.
What do you think? Tell us now.
- Desperately Seeking Dividend Yield
- Tech Is Trying to Tell You Something: Terranova
- Charts Suggest S&P Revisits Flat on Year: Top Analyst
- Airlines Taking Flight?
- Three Stocks For Thursday
- Next Stop for Oil - $88.55
- QE3 Likelihood Still ‘Pretty Good’: Jan Hatzius
- Dennis Gartman Buying Gold and Stocks
- Doug Kass: Facebook Feels Like AOL Time Warner
- Guy Adami: A Real Life Iron Man
______________________________________________________
Got something to say? Send us an e-mail at and your comment might be posted on the Rapid Recap! Prefer to keep your comments private? Send those questions and comments to .
CNBC.com with wires
Data is a real-time snapshot *Data is delayed at least 15 minutes
