Billions More in Bailout for Auto Industry

DETROIT - General Motors Corp. could get as much as $5 billion more in federal loans, while Chrysler LLC could get $500 million as they race against government-imposed deadlines to restructure, according to a government report filed Tuesday.

The quarterly report by a special inspector general on the auto industry and bank bailout programs says the money will be made available for working capital. GM has until June 1 to complete restructuring plans that satisfy the government's auto task force, while Chrysler has until April 30.

A person briefed on the plans said Tuesday that the exact amount of the loans have not been finalized and will be worked out with the companies. The person asked not to be identified because the negotiations are confidential. - MSNBC Story

It's funny how early on Obama was out in front of all the Cameras pushing these bailouts. Now it seems these things are happening behind closed doors and in relative quiet. More and more often in the era of Open and Transparent Obama Government you are seeing the story with the person wishing not to be identified. Wonder why? Is this Administration Transparent?