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Archive for December 8th, 2008

We, not Big 3, have the bailout blues

Posted in Taylor Armerding on Dec 8th, 2008 Comments

I think the Big 3 auto CEOs got close to exactly what they wanted.
They said they needed $34 billion. They’re only getting $15 billion. Sounds like Congress was really tough, giving them less than half what they needed.
But that ignores the standard opening gambit of any negotiation - you ask for at least twice what [...]

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