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Keyword: auotoczar

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  • Rattner defends rescue of automakers, says some money is gone(GM got $50b, but now worth $25b)

    10/22/2009 9:32:21 AM PDT · by TigerLikesRooster · 15 replies · 804+ views
    WP ^ | 10/22/09 | Peter Whoriskey
    Rattner defends rescue of automakers, says some money is gone But ex-official believes most of GM investment can be recouped By Peter Whoriskey Washington Post Staff Writer Thursday, October 22, 2009 The U.S. government's stake in General Motors is currently worth about $25 billion, or about half the amount it poured into the ailing automaker, the former chief of the Obama administration's task force on the auto industry said Wednesday. But in his most extensive remarks since leaving the post in July, Steven Rattner defended the Obama administration's decision to rescue U.S. automakers. Rattner said there's "a good chance" the...