[Red Badger]

It's only money...............

[Huskrrrr]

(Whack!)....Thank you sir, may I have another?

[americanophile]

Somebody let Thaddeus McCotter know so he can stop lecturing us.

[2banana]

Chrysler was given until 2017 to return the bailout funds. If it had taken the full term, the interest accrued on the loans would have significantly reduced the government's losses.

It is amazing how many people don't understand the time/value relationship of money...

[rdcbn]

In other words, the Obama Administration gave Fiat a sweetheart deal of $1.5 billion for Chrysler.

[BuckyKat]

Tom Paxton I Am Changing My Name To Chrysler by Tom Paxton

Oh, the price of gold is rising out of sight,

And the dollar is in sorry shape tonight.

What a dollar use to get us

Now won't get a head of lettuce,

No, the economic forecast isn't bright.

But amidst the clouds I spot a shining ray,

I begin to glimpse a new and better way.

I've devised a plan of action,

Worked it down to the last fraction,

And I'm going into action here today:

Cho: I am changing my name to Chrysler,

I am going down to Washington D.C.

I will tell some power broker,

"What you did for Iacocca

Would be perfectly acceptable to me."

I am changing my name to Chrysler,

I am leaving for that great receiving line.

When they hand a million grand out,

I'll be standing with my hand out,

Yes sir, I'll get mine.

When my creditors come screaming for their dough,

I'll be proud to tell them all where they can go.

They won't have to yell and holler,

They'll be paid to the last dollar

Where the endless streams of money seem to flow.

I'll be glad to show them all what they must do.

It's a matter of a simple form or two.

It's not just remuneration, it's a lib'ral education,

Makes you kind of glad that I'm in debt to you.

Chorus

Since the first amphibian crawled out of the slime,

We've been struggling in an unrelenting climb.

We were hardly up and walking

Before money started talking,

And it's said that failure is an awful crime.

It's been that way a millenium or two;

Now it seems there is a different point of view.

If you're a corporate Titanic

And your failure is gigantic,

Down in Congress there's a safety net for you.

[dfwgator]

They never should have bailed out Chrysler in the 70s. It set a horrible precedent.

[Right Wing Assault]

Even though that means $1.3 billion will not be recovered from the bankrupt Old Chrysler, the Treasury called it a "major accomplishment."

Meanwhile, New York was destroyed by a nuclear weapon and Tim Geithner said, "the mushroom cloud was really cool looking."

"With today's closing, the US government has exited its investment in Chrysler at least six years earlier than expected," Tim Massad, Treasury assistant secretary for financial stability said in a release.

Exited its investment. In other words, the gummint gave up hope.

[jefferson31415]

Obama promised us he would give us change, and that’s what people got.