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Jul 2 2009, 2:30 pm

The Bailout Halftime Report

New York Times, by Steven M. Davidoff

AnalysisWith the imminent approval of the transfer of General Motors' "good" assets in a Section 363 bankruptcy proceeding, the government bailout now moves past halftime and into the third quarter. Though we lack the distance and objectivity of a historian, at this point we can still take a step back and reflect on some of the results and broadly defined ironies of the bailout.

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