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Editors' Blog

Bush Auto Bailout Plan = Bankruptcy?

by David Kurtz
12.19.08 | 7:35 am

The President will announce his plan to “rescue” U.S. automakers at 9 a.m. ET.

Late Update: The WSJ is reporting that the White House has decided to go with $17.4 billion in loans to the carmakers rather than the “orderly” bankruptcy approach.

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David Kurtz is TPM's editor at large.
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