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News Link • Crony Capitalism

Feds Told GM To Drop Pontiac Or No Bailout, Ex-GM Exec Says

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If true, it's a big revelation of the scope of power that the government held over GM during the worst days of the recession. Power and threats like that are often spoken of, though rarely in such explicit terms. Even still, there's not much of an explanation yet as to the specific objections the Feds had about Pontiac. 

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