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Auto Bailout Is a Lemon for Taxpayers

Bankruptcy is just what Detroit needs to straighten itself out

By Kevin Spak, Newser Staff

Posted Oct 29, 2008 11:35 AM CDT

(Newser) – Automakers just got a $25 billion loan from Uncle Sam, but now here GM and Chrysler are again, hat in hand, asking for another $10 billion to facilitate their merger. But the “deal is a lemon,” writes Steven Pearlstein in the Washington Post.... Read full story »

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Auto Bailout Is a Lemon for Taxpayers

Bankruptcy is just what Detroit needs to straighten itself out

Chrysler • bankruptcy • General Motors • Detroit • merger • auto industry • bailout • auto bailout

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