The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Travis_Bickle	5/6/2009 9:46:31 AM
	Read Replies (1) of 306849

The White House confirmed yesterday that the $8 billion in "bridge loans" the U.S. taxpayer has given to Chrysler over the past six months, including $4 billion in bankruptcy financing, won't be paid back. Taxpayers also won't be getting a big slug of Chrysler stock in exchange. Instead, the wreckage of Chrysler will be divided up among Fiat, Chrysler's unions, and Chrysler's debtholders. Which means that the taxpayers' $8 billion was just a gift to these three consitituencies. We don't know about you, but we can think a few dozen charities that we'd rather have given that $8 billion to than Chrysler's debtholders, Chrysler's unions, and Fiat. Is the White House going to explain this one, or are we just supposed to ignore it? businessinsider.com THIS IS AN OUTRAGE!!!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next