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Big 3 Would Agree to Oversight if Bailed Out

CEOs admit bad management

By Nick McMaster,  Newser Staff

Posted Dec 4, 2008 1:07 PM CST

(Newser) – Detroit’s Big Three automakers would accept federal oversight in return for financial support, the Wall Street Journal reports. The chiefs of GM, Ford, and Chrysler all said that they would accept a bailout styled after that of Chrysler in the late ‘70s, which...   Read full story »

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