Tag: 7 billion

Shocker: Chrysler Won’t Repay Bailout Money

There goes that cash… straight down the money pit. But, hey, what’s $7 Billion among friends. Especially nowadays: 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. Now, a pessimist might say that the bailout money has gone down the black hole that these failing companies

Read More ยป