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Economy: Bailout / General Motors #963849

ABC Evening News for Wednesday, Apr 21, 2010
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(Studio: Diane Sawyer) Report introduced.

(Studio: Bill Weir) The repayment by General Motors of the taxpayer bailout money featured; details given of the criticism of GM, of plans to ramp up production, its plans to market the Chevy Volt, how bankruptcy & a management shakeup helped. [GM CEO Ed WHITACRE†- says GM has repaid the loan in full.] [Global Insight John WOLKONOWICZ†- expresses optimism about GM's fortune.] ["New York Times" auto writer Michelle MAYNARD†- assesses new management.] The potential for GM to sell its stock noted.

(Studio: Diane Sawyer) Report introduced.

(No location given: David Muir) A review of who owes what in bailout money presented; details given about Chrysler, the nine banks with only Citigroup owing, insurance giant AIG. [Moody's economy.com economist Mark ZANDI†- comments on Chrysler & Citigroup.]

Reporter(s):
Sawyer, Diane;
Weir, Bill;
Muir, David
Duration:
00:04:00

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