Quote:
Originally Posted by marketsmart
the govt forgave $4 billion, that is a fact..
http://www.christonium.com/automotiv..._Case_Analysis
"Under the proposed agreement with all stakeholders, Fiat will own up to 35% of the new company. The UAW healthcare trust will own approximately 55% of the new company with the US and Canadian government controlling the remaining 10%. Daimler and Cerberus will forgive $2 billion in debt, the US government its original $4 billion bridge loan and the UAW's $6 billion in cash that was to go to the healthcare trust fund. It should be noted that the UAW will not own Chrysler but the shares will be place in trust.
+ the loss incurred with the sale of shares to fiat...
i did my research before i made the post... 
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seems even more !!!!
Quote:
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.
By Chris Isidore, CNNMoney.com senior writer Last Updated: May 6, 2009: 3:44 AM ET NEW YORK (CNNMoney.com)
Chrysler LLC will not repay U.S. taxpayers more than $7 billion in bailout money it received earlier this year and as part of its bankruptcy filing.This revelation was buried within Chrysler's bankruptcy filings last week and confirmed by the Obama administration Tuesday. The filings included a list of business assumptions from one of the company's key financial advisors in the bankruptcy case.
Some of the main assumptions listed by Robert Manzo of Capstone Advisory Group were that the Treasury would forgive a $4 billion bridge loan given to Chrysler in the closing days of the Bush administration, a $300 million fee on that loan, and the $3.2 billion in financing approved last week by the Obama administration to fund Chrysler's operations during bankruptcy.
http://frontlines.machinehead1.com/i...&mode=threaded
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Meanbwhile, I like my Chrysler ... 
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I know that Asspimple is stoopid ... As he says, it is a FACT !
But I can't figure out how he can breathe or type , at the same time ....
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