Auto Task Force Chief Defines Post-Bankruptcy Goals

Law360, New York (July 28, 2009, 5:15 PM EDT) -- The new head of the Obama administration's auto task force told a Detroit audience that, now that General Motors Corp. and Chrysler Group LLC have emerged from bankruptcy, the government's new goals are to protect taxpayers' investment while exiting the auto business as soon as possible.

Ron Bloom, who recently took the reins as senior adviser for the U.S. Department of the Treasury's auto task force from Steven Rattner, defended the government's involvement in supporting and shuttling GM and Chrysler through speedy Chapter 11 proceedings during...
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