Fiat now owns Chrysler. The Feds and Mr. Obama recently sold the remaining 6% it owned to the German company and in so doing, lost $1.3 billion. I have to tell you, I was among the first to predict that Chrysler would fail.It appears that Chrysler is still in business, if Fiat can figure out how to make the company profitable. What is more the problem, is the Feds: they are the ones who lose. And I have news for everyone ---- GM is in worse shape but has an inside track on "Obama's stash."
Look, in March of 2010, the head of GM made a TV ad in which he claimed that GM had paid back the "loan" they got from the government, 6.6 billion dollars, in January of that year, "5 years ahead of schedule." Sure sounded good, until we asked, where did all that money come from? GM had lost more than 4 billion in the last quarter of 2009, and had lost money for each previous quarter for years. . . . . . . so where did the money come from? I think it came from Fannie funds, money that was accessible to Obama without any reporting ---- as per a bill passed on Xmas eve, 2009.
Someone is investigating and his name is Issa. I believe you will hear more about this. 'Nough said.
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