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09-10-2009, 12:50 AM #1
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Americans Lost $81 Billion To GM, Chrysler
Americans Lost $81 Billion To GM, Chrysler
Taxpayers Unlikely to Recover GM, Chrysler Investment (Update2)
By John Hughes
9-9-09
Sept. 9 (Bloomberg) -- U.S. taxpayers are unlikely to recover their $81 billion investment in General Motors Co. and Chrysler Group LLC and were "left in the dark on specifics of a decision to aid automakers, a congressional panel said.
The Treasury Department should consider placing its GM and Chrysler ownership stakes into an independent trust to prevent "political pressure and government interference, the Congressional Oversight Panel said in a report today.
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