...will they blame Bush? http://news.yahoo.com/s/ap/20100517/ap_on_bi_ge/us_chrysler_repayment
Treasury takes $1.6 billion loss on Chrysler loan
"Treasury said Monday that Chrysler repaid $1.9 billion of a $4 billion loan, which was extended before the company filed for Chapter 11. The government hopes to get another $500 million from the company that emerged from bankruptcy, Chrysler Group LLC.
"Treasury officials said that the government had no plans to boost its stake in the new Chrysler to cover those losses. It also acknowledged another $1.9 billion in potential losses from a separate loan that had been made to the company that went through bankruptcy proceedings. It indicated slim hopes of recouping much if anything from that separate $1.9 billion loan."
Remember, that was PELOSI who took to the podium the day after election day and insisted that we must nationalize the auto makers to rescue them.
Will Pelosi get the blame for this, or will they blame Bush because the loan was made on his watch?
Let's find out.
OK, that's one vote for blaming Bush.
Who's next?
Treasury takes $1.6 billion loss on Chrysler loan
"Treasury said Monday that Chrysler repaid $1.9 billion of a $4 billion loan, which was extended before the company filed for Chapter 11. The government hopes to get another $500 million from the company that emerged from bankruptcy, Chrysler Group LLC.
"Treasury officials said that the government had no plans to boost its stake in the new Chrysler to cover those losses. It also acknowledged another $1.9 billion in potential losses from a separate loan that had been made to the company that went through bankruptcy proceedings. It indicated slim hopes of recouping much if anything from that separate $1.9 billion loan."
Remember, that was PELOSI who took to the podium the day after election day and insisted that we must nationalize the auto makers to rescue them.
Will Pelosi get the blame for this, or will they blame Bush because the loan was made on his watch?
Let's find out.
OK, that's one vote for blaming Bush.
Who's next?