Under the GM deal reached with the Obama Administration, the US Government will own 60% of New GM — that is, the “leaner and meaner” GM (of course, only time will tell if that becomes the case). The problem for the Obama Administration is that the US, between Chrysler and GM, has now ventured into ownership of private companies. There are numerous interesting questions to ponder: what will the US do if, in the most unlikely event, another bidder bids on the assets of the GM (I realize this is a virtual improbability)? In such a case, would the Government enter into com
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