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Democratic presidential candidate Barack Obama said on Tuesday that he would, if elected, demand quick government action to free up $25 billion in loans to the distressed U.S. auto industry.

Mich. senator may seek added $25B in auto loans (AP via Yahoo! Finance)
Michigan Sen. Carl Levin said he may seek an additional $25 billion in loans for the auto industry before the end of the year, citing deteriorating economic conditions for Detroit’s car makers.

S&P: Banking hierarchy likely to be untouched by wave of loan purchases - Brazil (Business News Americas)
The country’s banking hierarchy is likely to remain untouched as Brazil’s large banks battle it out to buy smaller banks’ loan portfolios after a recent central bank BCB rule change, Milena Zaniboni, head of corporate and government ratings for S&P Brasil, told BNamericas.

Levin considers $25B in auto auto industry loans (WZZM 13 Grand Rapids)
Levin considers $25B in auto auto industry loans

GM launches campaign to tell buyers they can still get loans (USA Today)
With October auto sales expected to fall short of September’s 15-year low, General Motors Corp. is launching a campaign this week to reach people who have stopped looking for cars out of fear that they can’t get a loan.

GM: We’ll find you a loan, but maybe not ours (CNN Money)
DETROIT (AP) — With October auto sales expected to fall short of September’s 15-year low General Motors. is launching a campaign this week to reach people who have stopped looking for cars out of fear that they can’t get a loan.