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Friday, June 3, 2011

Chrysler to Repay Most of Bailout Cash

“Chrysler Group, newly profitable and confident in its revamped products, will soon sever its ties with the U.S. government after most — but not all — of the bailout loans it got two years ago are repaid.” (USA Today)

The unseen: how that money would have been used had Chrysler not been saved. But see this.

FEE Timely Classic
“Political Bankruptcies: How Chrysler and GM Have Changed the Rules of the Game” by Richard A. Epstein