Surprise! (Not.) Chrysler's going to cost taxpayers
Word's out today that with the federal government unloading its (our) shares of Chrysler, taxpayers are likely to lose up to $1.3 billion. Fiat will own more than 58% of the company after the dust settles, and the Democrat-friendly auto workers union will own the rest. As for those shareholders and bondholders who were left with nothing because of the Obama-brokered deal? Obama and Democrats have one word: Tough.