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	Name:	lotowner -
	Subject:	Suprise! Suprise!
	Date:	5/5/2009 10:44:54 AM

If the Administration had allowed the system to work, the American taxpayer would not have been out these billions of dollars. Chapter 11 is not a new tool.

Chrysler unlikely to pay back loans
FROM STAFF AND WIRE REPORTS
05/05/2009

One of the top financial advisers overseeing Chrysler LLC's restructuring testified in bankruptcy court Monday that there is a "low likelihood" that the automaker will be able to pay back its billions of dollars in government loans.

But Robert Manzo, an executive director with the restructuring group Capstone Advisory Group LLC, said he doesn't view the government financing as "free money."

"They're offering financing with a low likelihood of being repaid," he said.

Other messages in this thread:

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Suprise! Suprise! - lotowner - 5/5/2009 10:44:54 AM

Suprise! Suprise! - Jim Dandy - 5/5/2009 11:42:51 AM

Suprise! Suprise! - muddauber - 5/5/2009 12:22:39 PM

SNL Skit proves prescient - MartiniMan - 5/5/2009 1:59:09 PM

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