Monday, April 20, 2009

CHRYSLER REJECTS MORE GOVERNMENT AID

Via Fox News:

The Washington Post reported on its Web site Monday that Chrysler Financial turned down $750 million in aid on top of $1.5 billion it already has received.

Chrysler Financial ... issued a statement saying it has enough private capital to meet its short-term needs of lending money to dealers and customers, and it doesn't need more money now from the government's Troubled Asset Relief Program, or TARP.

The light is dawning. “I’m from the Government and I’m here to help you” is an oxymoron.

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