[Right_in_Virginia]

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.

Did Obama mention this during his press conference?

[Oldeconomybuyer]

Not really. Obama’s loan was tied to the Fiat deal that fell apart when Chrysler filed bankruptcy. The only hope for taxpayers is if the Trustee finds the loan proceeds were used as preferential payments.