The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Travis_Bickle who wrote (203627)	5/22/2009 12:35:42 PM
From: John Koligman	Read Replies (1) of 306849

I'm under the impression that the government loans to Chrysler were recently 'forgiven'. If that happens with GM, they already received at least 15 billion, another 30 gets it closer to 50B, and GMAC has also gotten additional billions. I don't know much about bankruptcy law, but if these loans are provided as part of the bankruptcy package, are they any less likely to be 'forgiven'? John

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