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U.S. to use bank bailout to aid automakers
Following the collapse on Thursday evening of efforts to rescue U.S. automakers with congressional legislation, the Bush administration shifted positions on Friday and said that it would dip into the money set aside for the $700 billion financial bailout to keep General Motors and Chrysler from going bankrupt.Posted by: john frum 2008-12-13 |
| http://www.rantburg.com/poparticle.php?ID=257151 |