Free Republic
Browse · Search
News/Activism
Topics · Post Article

This thread has been locked, it will not receive new replies.
Locked on 05/05/2009 3:46:37 PM PDT by Admin Moderator, reason:

Duplicate: http://www.freerepublic.com/focus/f-news/2244881/posts



Skip to comments.

Chrysler won't repay bailout money
CNN Money ^ | 5/5/09 | Chris Isidore

Posted on 05/05/2009 3:20:38 PM PDT by jimbo123

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.

(Excerpt) Read more at money.cnn.com ...


TOPICS: News/Current Events
KEYWORDS: automakers; bailouts; bankruptcy; bendoveramerica; chrysler; duplicate; legalrobbery; youpaidforthis

1 posted on 05/05/2009 3:20:38 PM PDT by jimbo123
[ Post Reply | Private Reply | View Replies]

To: jimbo123

What a shocker. Just when I thought the day couldn’t get more
surprising.


2 posted on 05/05/2009 3:21:47 PM PDT by thesharkboy (<-- Looking for the silver lining in every cloud, since 1998)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jimbo123

Since the Taxpayers are the largest creditors we should sue to get our money back.


3 posted on 05/05/2009 3:23:45 PM PDT by tobyhill ("Hope and Change" is so overrated!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jimbo123

I’m shocked— zero said it would all be repaid. You mean we can’t trust zero?
I’m shocked!


4 posted on 05/05/2009 3:23:49 PM PDT by taillightchaser (!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: taillightchaser
"I’m shocked— zero said it would all be repaid. You mean we can’t trust zero? I’m shocked!"

Yes just shocked I tell ya!
zerO wouldn't take the dough back if it were offered, just like the banks.

The clown's a real work.

5 posted on 05/05/2009 3:26:38 PM PDT by Landru (Arghh, Liberals are trapped in my colon like spackle or paste.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: jimbo123
What did we hear from the start of this Goat F**K. “Bankruptcy is not on the table”. If we had let them file back at the start of this we would be 7 billion to the good right now......I guess Zero would have blown it on something else anyway!
6 posted on 05/05/2009 3:27:09 PM PDT by Recon Dad (Marsoc Dad)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jimbo123

Taxpayer’s money...........gone. Forever gone. FUBO.


7 posted on 05/05/2009 3:27:25 PM PDT by afnamvet
[ Post Reply | Private Reply | To 1 | View Replies]

To: jimbo123

But Paulson, Bernanke, and Gleithner all promised we’d get that money back....


8 posted on 05/05/2009 3:29:40 PM PDT by Virginia Ridgerunner (Sarah Palin is a smart missile aimed at the heart of the left!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jimbo123
You mean barry lied? Really? Shocked I tell you, shocked!!!

I wonder if there is a way we could sue Chrysler to get our money back. I don't remember signing anything allowing my hard earned money to go to these people.

Oh, never mind. I forgot contracts don't mean anything anymore.

9 posted on 05/05/2009 3:30:03 PM PDT by NoGrayZone (The beauty of the 2nd amendment is that it will not be needed until they try to take it. T.J.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jimbo123

Did anyone expect any different?


10 posted on 05/05/2009 3:30:03 PM PDT by Anti-Bubba182
[ Post Reply | Private Reply | To 1 | View Replies]

To: afnamvet

A billion here, a billion there. pretty soon this will add up to real money.


11 posted on 05/05/2009 3:30:23 PM PDT by Chet 99
[ Post Reply | Private Reply | To 7 | View Replies]

To: Anti-Bubba182
"Did anyone expect any different?"

~53 million voters probably did, the operative word being probably.

12 posted on 05/05/2009 3:31:55 PM PDT by Landru (Arghh, Liberals are trapped in my colon like spackle or paste.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: afnamvet

“Taxpayer’s money...........gone. Forever gone. FUBO”

Tax money is gone as soon as the government takes it.


13 posted on 05/05/2009 3:33:59 PM PDT by Tublecane
[ Post Reply | Private Reply | To 7 | View Replies]

To: jimbo123
The Obama MisAdministration doesn't want the money back anyway. Obama desires that the "people" - the US Government, control the Chrysler Corporation. Obama wants the US Government to control and operate all US industries and businesses, the health care sectors, 7-11 stores, supermarket chains, department stores, shopping malls, gas stations etc.

It just chafes the Democrats raw that Americans have the right to own and operate businesses for their own pure profit. It infuriates them that Americans can control their own economic circumstances and destiny. The accretion of dictatorial power and control over the lives and actions of the American people through economic means is what the Obama regime and its Democrat Party is all about.

14 posted on 05/05/2009 3:35:57 PM PDT by StormEye
[ Post Reply | Private Reply | To 1 | View Replies]

To: jimbo123

I read somewhere that we’re shelling out, like, $314,000 per employee to the UAW. Wouldn’t it be more economical to give them the money directly, shut down the plants, and let them live off the fat of the interest?

Or is that too honest? Yeah, better to pretend as if there’s a market for cars made by Dodd, Waxman, and Obama.


15 posted on 05/05/2009 3:36:32 PM PDT by Tublecane
[ Post Reply | Private Reply | To 1 | View Replies]

To: jimbo123

May this worthless welfare queen of a company crash and burn.


16 posted on 05/05/2009 3:36:58 PM PDT by pnh102 (Save America - Ban Ethanol Now!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jimbo123

Why didn’t they simply let Chrysler go bankrupt, without giving them Federal dollars. Oh, I know, so Obama could get his big mitts around Chrysler. After all, the Administration knows so much better than the rest of us what should be done.


17 posted on 05/05/2009 3:37:56 PM PDT by popdonnelly (The greatest crimes in history have been perpetrated by governments. You've been warned.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Landru
"~53 million voters probably did, the operative word being probably. "

69+ million voters probably didn't

69,456,897


18 posted on 05/05/2009 3:38:00 PM PDT by Anti-Bubba182
[ Post Reply | Private Reply | To 12 | View Replies]

To: Landru

Those 53 million voters don’t have the first clue as to what just happened. And they don’t care. They’re just enthralled with their toothy President.


19 posted on 05/05/2009 3:39:28 PM PDT by popdonnelly (The greatest crimes in history have been perpetrated by governments. You've been warned.)
[ Post Reply | Private Reply | To 12 | View Replies]

To: jimbo123
Gosh!

This is like finding out that the wino on the corner you gave $10 bucks won't pay you back.

Unless he decides to pee on your doorstep with the end product of the $10 bucks.

20 posted on 05/05/2009 3:39:56 PM PDT by N. Theknow (Kennedys: Can't fly, can't ski, can't drive, can't skipper a boat, but they know what's best.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jimbo123

A 7 billion taxpayer dollar UAW payoff.


21 posted on 05/05/2009 3:40:05 PM PDT by headstamp 2 (Spay or Neuter your liberal today!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jimbo123
The only fool that thought the tarp money was going to be paid back was a poster here that told me I was dead wrong. If I could remember who it was I'd ask him about it??
22 posted on 05/05/2009 3:40:45 PM PDT by org.whodat (Auto unions bad: Machinists union good=Hypocrisy)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jimbo123

bump


23 posted on 05/05/2009 3:41:00 PM PDT by VOA
[ Post Reply | Private Reply | To 1 | View Replies]

To: Virginia Ridgerunner
But Paulson, Bernanke, and Gleithner all promised we’d get that money back....

Those three crooks need a taste of pitch fork!!!

24 posted on 05/05/2009 3:42:10 PM PDT by org.whodat (Auto unions bad: Machinists union good=Hypocrisy)
[ Post Reply | Private Reply | To 8 | View Replies]

To: popdonnelly
Ask george bush, he started the ball rolling.
25 posted on 05/05/2009 3:43:24 PM PDT by org.whodat (Auto unions bad: Machinists union good=Hypocrisy)
[ Post Reply | Private Reply | To 17 | View Replies]

To: jimbo123
Just a few billion down the rat-hole ... And why was bankruptcy not an option then, but is now. Could have saved the billions.
26 posted on 05/05/2009 3:45:34 PM PDT by Tarpon (You abolish your responsibilities, you surrender your rights.)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson