Did You Know Chrysler Was Just Minutes Away From Being Sold To The Feds For A Buck?

One of the lesser-known stories of the Obama Administration's auto bailout is how close Chrysler came close to following the fate of Lehman Brothers and being allowed to fail.

A majority of the Treasury Department's auto task force actually voted in favor of withholding further aid from the automaker. And it was only after a tense 45-minute meeting in the White House that President Obama agreed for the federal government to rescue Chrysler.


 

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4wheelsfan - 9/10/2010 3:40:57 PM

0 Boost

lol

wildcatman - 9/10/2010 4:50:20 PM

+2 Boost

...hmmmm, for a dollar I could get a McDonald's sausage mcmuffin or Chrysler Corp....I choose the sausage sandwich.

supercarguy - 9/10/2010 5:39:34 PM

+1 Boost

^^^hahahaha

uaw_lax - 9/10/2010 9:03:53 PM

+1 Boost

Jokes abound Id take Chrysler over Mitsubishi.