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GM to thumb its nose at public about financial disclosure

GM's contention that it will share less financial information than it did as a publicly-held company doesn't go down well with my oatmeal this morning. The car is now considered as a privately held company and not subject to the same disclosure requirements.

The Detroit Free Press this morning writes that GM execs said they will loosen this up once they start selling stock in the next year or so.

The taxpayers borrow big bucks to keep them in business and now they won't share how they're using our money. There's something not right about that.


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