Rental Car Companies Beg Congress For Bailout

Top rental car agencies which include Enterprise, Avis, Budget, Hertz, Dollar, Thrifty and others are now asking Congress to help bailout their own industry, citing a blame on the economy and lack of leisure travel as a downfall in profits. The companies are requesting that Congress allow them to receive a portion of the TARP rescue fund money set aside for Detroit automakers. Apparently the House of Representatives already added a clause to the fund that allows the government to back loans for rental car companies and fleet buyers. What else could go wrong with this situation?

Sources: Wall Street Journal via Autoblog

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