Monday Is Payday for Chrysler, GM

Today is payday for two of Detroit's Big Three automakers, due to receive over $13 billion in taxpayer funds to keep the American auto industry running, and analysts say the bailout is likely to be just the beginning. The U.S. Treasury is expected to transfer $9.3 billion to General Motors and $4 billion to Chrysler, but Mark Zandi, chief economist with Moody's, predicts that over the next few years taxpayers will pay a total of $75-$125 billion to keep the Big Three out of...Full Story
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