Search for: "CHRYSLER FINANCIAL SERVICES AMERICAS V DEPARTMENT OF TREASURY"
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7 Mar 2009, 11:21 am
Chrysler received $4 billion in federal bridge loans. [7] In the same effort to revive the failing industry, GM was granted $9.4 billion in federal loans and a Treasury Department loan of $6 billion. [8] While Ford has taken a backseat to GM and Chrysler in this bailout, they too requested a $9 billion line of credit from Congress. [9] The auto makers were granted these loans on a promise that they would begin turning a profit by 2012. [read post]
6 Dec 2009, 6:48 pm
In fact, some Treasury officials didn't want the FDIC program to even be created. [read post]
