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Has GM been cooking its books?

Detroit Free Press has story this morning about how GM's accounting practices has resulted in the company inflating its income in 2000, 2001, 2002 and 2004.  In 2001, the story says GM inflated its reported income by 42 percent.

The story says:  Federal securities records and court filings reviewed by the Free Press show a string of accounting errors that consistently favored the company and offered investors a rosier outlook than actually existed.

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