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Unread 12-29-2008, 04:02 PM   #1
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Default Government readies first $8 billion for GM, Chrysler
General Motors, Chrysler LLC and the government today were making final arrangements to transfer the first installments of federal emergency loans to the automakers.

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Unread 12-30-2008, 11:45 AM   #2
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Two questions here:

(1) Who gets the interest benefit when (or if) the companies pay back that loan?

(2) If they default on the loan and go belly up anyway, who foots the bill?
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