Letter: The cost of Chrysler’s bailout
Published 06/10/2011, West Central Tribune
The claim that there is plenty of transparency would be correct. Chrysler’s bailout is a great example. The CEO of Chrysler/Fiat stated they have repaid “every penny that had been loaned less than two years ago.” And the administration is taking a victory lap. Why then is the taxpayer standing to lose $7 billion to $10.5 billion? What transpired?Word count: 359
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