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UPDATED! New GM's turn to subprime loans could prevent bailout payback to taxpayers

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Revelations that the New General Motors is using increased subprime lending to power its recent sales may doom any chance that taxpayers will ever recover the still-unpaid chunk of the $49.5 billion the federal government spent in 2009 bailing out the former auto industry giant. The GM bailout came as part of the bankruptcy reorganization imposed by the Treasury Department's auto recovery task...

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