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Bloom, a Harvard Business-trained banker turned United Steelworkers official, will “assume leadership of the Task Force's activities as the government transitions its role away from day-to-day restructuring to monitoring this vital industry and protecting the substantial investment the American taxpayers have made in GM, Chrysler, and GMAC,” Geithner said.
Bloom is expected to take over shortly, according to an administration official, who noted the new car czar had worked with Rattner on the task force for the past few months.