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Approved Auto Bailout Details: $17.4 billion

Old Dec 19, 2008 | 06:50 AM
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Default Approved Auto Bailout Details: $17.4 billion

President Bush approved the immediate transfer of $13.4 billion in loans from the Treasury to Chrysler and General Motors today, with the promise of $4 billion more in February. Terms of the loan are strict, and largely hand the automotive industry's pro

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