Via Instapundit, the Treasury Department now estimates taxpayers' losses on the auto bailout at $25 billion. This figure, however, relies on some optimistic assumptions; the reality is likely to be far worse.
Here's a devastating news report on subprime loans to move GM's cars:
Al Fin: "Cowboy Commentary", aka "Eat your veggies" The Flag banner is posted in order to defy those who would make patriotic symbols illegal or disreputable.
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