Published 2/13/2009
by Domenico Montanaro
at First Read
From NBC's Mike Viqueira When we last left the auto bailout story, GM and Chrysler were the beneficiaries of a stop-gap loan from the taxpayers, via the TARP.
The money came on the condition that the companies present a plan on how they would move forward and remain viable, especially if they are to come back to the federal treasury in search of further assistance.
In view of all this, Nancy Pelosi and Barney Frank have written the CEOs of both companies in order to lay down some markers. Their letter, released publicly:
...( read more )
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