A GM Bailout? Here Are My Terms for a Deal

A longtime GM customer says Washington needs to attach some strings to any financing help for a GM-Chrysler merger

Taxpayers are mad as hell about the looming bailout of General Motors (GM) and Chrysler. They just don't know it yet. That's because the fix isn't quite in. Auto executives and federal officials still have to figure out whether they'll pull this off by redefining GM as a bank and grandfathering it into the Treasury Dept.'s $700 billion financial industry rescue, or by carving off some of the $25 billion of federal loans that were supposed to encourage development of alternative-fuel vehicles.

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