U.S. taxpayers likely lost $1.3 billion in the government bailout of Chrysler, the Treasury Department announced Thursday.And did anyone else find it a little heavy-handed for two companies whose survival depended on tax dollar bailouts to so vigorously attack the one company that didn't? I found that a little distasteful.
The government recently sold its remaining 6% stake in the company to Italian automaker Fiat. It wrapped up the 2009 bailout that was part of the Troubled Asset Relief Program six years early.
Monday, February 06, 2012
While many are praising the Clint Eastwood "Halftime in America" Chrysler ad as the best of the Super Bowl, let's not forget an inconvenient fact (from July 2011):
Posted by Rick Moore on 2/06/2012