Actually, I believe Chrysler got some help in the form of government loan guarantees and yet they still paid their creditors something like 30 cents on the dollar (because the government stepped in and wrote legislation forcing the lower rate), so Chrysler was indeed helped. It wasn't the taxpayers who footed the whole bill though. Certainly Chrysler paid back their government guaranteed loans, but the taxpayers still lost on the interest.
None of this was close, however, to the $700 billion that is being talked about today. Really, there are better solutions.
I find it interesting, that large real estate tycoons such as Steve Wynn, Donald Trump and Warren Buffet all disagree with the bailout.
-- Jeff
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"Government is not the solution to our problem, government is the problem." --Ronald Reagan
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