As long as the majority of Americans rely on government to "fix" problems through baliouts and stimulass, this is what will come of it. I wonder what it will take before people actually start getting pissed off enough to make a phone call or write a letter to their reps, never mind actually getting pissed off enough to
burn some shit to the ground...oops got excited.
I would love to hear the bailout fan club comment on this.
An administration official confirms that a $4 billion bridge loan and $3.2 billion in bankruptcy financing won't be paid back by Chrysler following bankruptcy.
NEW YORK (CNNMoney.com) -- Chrysler LLC will not repay U.S. taxpayers more than $7 billion in bailout money it received earlier this year and as part of its bankruptcy filing.
This revelation was buried within Chrysler's bankruptcy filings last week and confirmed by the Obama administration Tuesday. The filings included a list of business assumptions from one of the company's key financial advisors in the bankruptcy case.
