Taxpayers Could Lose Billions from General Motors Revamp

As the nation's largest automaker continues down the road towards a widely-expected pit stop in bankruptcy court, taxpayers could end up providing an additional $30 billion with no guarantee that General Motors will repay all of the money it has received. That would be in addition to the nearly $20 billion the government had already pumped into the failing automaker . "I don't know how much we're going to recover," a member of President Obama's administration told ABC News today. The...Full Story
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