Bankruptcy Funding Solicited for Car Makers

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Outside advisers to the U.S. Treasury have started lining up the largest bankruptcy loan even.

From The Wall Street Journal

The Treasury is talking with banks and other lenders about at least $40 billion in financing for General Motors Corp and Chrysler LLC, in case the two auto makers need it, said several people familiar with the matter.

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Tags: bankruptcy, us treasury, Chrysler, general motors