President-elect Barack Obama's motorcade leaves his Kenwood area home and travels to his transition office in Chicago, November 19, 2008. (Frank Polich/Reuters)Reuters - The transition team of President-elect Barack Obama is considering a swift prepackaged bankruptcy for automakers as an answer to the financial woes of the sector, reported Bloomberg News on Friday, citing a person familiar with the matter.

Original post by Reuters and software by Elliott Back

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