Sunday, December 21, 2008

Canada's 4 Billion Auto Bailout

Bailout Bill Is $4B And Counting
A historic $4 billion lifeline to rescue General Motors and Chrysler in Canada is likely just the first instalment of public loans to the sputtering automakers, concedes Prime Minister Stephen Harper. "I will not fool you. There is obviously money at risk here and there may be, well, more money as we go forward," Harper said yesterday as he joined Ontario Premier Dalton McGuinty in revealing terms of the huge aid package at a Toronto hotel.

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