Chrysler won't repay bailout money: An administration official confirms that a $4 billion bridge loan and $3.2 billion in bankruptcy financing won't be paid back by Chrysler following bankruptcy.
That's fan-freakin'-tastic.
In other news, a high-ranking official from my household confirms that we will NEVER purchase a Chrysler product so long as we live. Further, we will do everything in our power to dissuade others from purchasing Chrysler products.
Yeah, yeah, I know: It's not like we couldn't see this coming. But the fact that taxpayer dollars are incessantly treated like this ("Thanks for the bucks, suckaz!") causes my blood pressure to redline.
Now we wait on GM. They'll follow much the same tract, I betcha.
Labels: Automobiles, Bailouts
