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Report: GM Turned down by Government

Eschaton found this 11/3/2008 on calculatedrisk.blogspot.com

From the NY Times: U.S. Rejects G.M.’s Call for Help in a Merger The Treasury Department has turned down a request by General Motors for up to $10 billion to help finance the automaker’s possible merger with Chrysler ... the Bush administration will now shift its focus to speeding up the $25 ...