Wednesday, May 06, 2009

Taxpayers lose $7 billion as Chrysler gets out of loan

The Obama Administration’s Treasury Department has agreed to give up the $4 billion “bridge loan” extended by the Bush adminstration, a $300 million fee on the loan, and another $3.2 billion the Obama administration agreed to shell out — last week -- as part of the company's bankruptcy filing.

read more | digg story

No comments: