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Daniel J. Weiss, The Center for American Progress: "To avoid the deadly consequences of bankruptcy, Congress should create a federal bridge loan program that would provide up to $38 billion in loans if the companies agree to avoid excessive executive compensation, fulfill their recently renegotiated health and pension obligations to their hourly workers and retirees, continue to implement plans to build super-efficient cars, and cease efforts to block or weaken fuel economy and greenhouse gas standards. This would stabilize the Big Three, reduce oil use, and prevent an economic catastrophe that could last for years."

http://www.truthout.org/120408O



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