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The era of easy auto loans is skidding to a halt. Mortgages were among the first consumer products to be hit by the credit-market freeze. Now car loans and leases are drying up as dealers, auto-finance companies and other lenders are having trouble finding money to lend to car buyers.

Kev’s Christmas cash dash (Daily Telegraph)
THE Government is preparing an injection of emergency cash into households before Christmas, with the warning from PM Kevin Rudd that “tough times have arrived”.

Britain loans Iceland 100 mln pounds in frozen bank row (TODAYonline)
Britain is to provide a short-term loan of up to 100 million pounds to Iceland to help repay cash to British savers with money in frozen Icelandic banks, finance minister Alistair Darling said Monday.

Govt loans Iceland 100 mln in frozen bank row (AFP via Yahoo! News)
The government is to provide a short-term loan of up to 100 million pounds to Iceland to help repay cash to British savers with money in frozen Icelandic banks, Chancellor of the Exchequer Alistair Darling said Monday.

CONTINENTAL DRAFT: EURO BIGS UNVEIL CASH-INFUSION PLAN (New York Post)
European leaders tried yesterday to bolster their teetering financial system - and dodge a deep recession - by pledging billions of euros to guarantee bank loans in exchange for ownership positions in the lending institutions. “We need concrete…