« RANT II Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

A Supposed Chrysler Payback That Isn't 

By: Beldin in RANT II | Recommend this post (1)
Wed, 25 May 11 10:25 PM | 45 view(s)
Boardmark this board | Rant II
Msg. 17965 of 20747
Jump:
Jump to board:
Jump to msg. #

Author correctly points out:

"Paying back by borrowing more. As we learn from most of our friends in business, that's not the way to get out of a jam. But that is almost always the government tries to squirm out of its problems.

And that's what Chrysler's doing right now, as they want you to believe that they've paid back all of their billions in bailout money.

That's complete bull, of course, because taxpayers still own 8% of the company, so we're still on the hook. And Chrysler's $7.5 billion payback came from borrowing more money."

http://www.foxbusiness.com/markets/2011/05/25/chryslers-payback-isnt/




Avatar

The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence




» You can also:
« RANT II Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next