Democrats want to give automakers a bailout, but with strings attached: they want a seven-person board to oversee the companies' restructuring. They call it, the "auto board."
President-elect Barack Obama was on Meet the Press yesterday and reiterated the need to save the auto industry, but said it should be "conditioned on an auto industry emerging at the end of the process that actually works." The cynic in me asks, "what about oversight to the financial industry?"
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