It is my understanding the Chrysler bailout was financed by private
funding guaranteed by the US government. Much like the FHA and VA
housing loans here in the US. During the process the US government
received about $350,000,000 from Chrysler for guaranteeing the loans.
All the loans were repaid in 3 years, 7 years early.
Larry Hoy (MGB.Roadster@juno.com)
Denver, CO USA
1969 MGB Roadster
1987 Jaguar XJ6 Vanden Plas
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On Tue, 02 Dec 1997 07:35:46 -0500 The Richards <smrm@coastalnet.com>
writes:
>Mr. Lee went to Congress hat in hand and received a massive loan for
>Chrysler. To that august body's credit, Congress didn't really try to
run
>Chrysler. And to Mr. Lee's credit, Chrysler paid the loan off early.
>
>Michael, New Bern, NC
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