Before anyone celebrates the alleged happy ending to the Chrysler bailout, he or she might want to read this. Spoiler alert:
So, to recap, the Obama Energy Department is loaning a foreign car company $3.5 billion so that it can pay the Treasury Department $7.6 billion even though American taxpayers spent $13 billion to save an American car company that is currently only worth $5 billion.
HT: Shikha Dalmia
