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UAW as Owner: Let the Bosses Take the Losses!

Hit & Run found this 4/30/2009 on slate.com

Some conservatives are troubled that the UAW is getting a huge ownership share in GM (about 40%) and Chrysler (over 50%): For example,  Larry Kudlow :   What is going on in this country? The government is about to take over GM in a plan that completely screws private bondholders ...