Posted by lleaders in
Deal Zone on 12 30th, 2008 |
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Santa for automakers, Grinch for taxpayers?
A company in the U.S. auto industry fails — and the government steps in as savior. Yet again. That’s right. Santa visits the automakers this year while the Grinch steals taxpayers’ Christmas.
The Bush administration is buying $5 billion in equity in GMAC – the finance arm owned...