And then there’s Chrysler…

According to CNN, Chrysler Financial has turned down $750 million dollars in loans from the federal government. According to Chrysler officials, they turned the money down because they simply have enough capital for the month, and thus, do not require any additional TARP funding at the moment. According to some other sources, however, the loan was rejected because Chrysler was concerned that it would not be able to agree to mandates on executive pay limits. If it is indeed this second reason, and not the first, some ire may be called for: The bailout of the car companies was really designed to ensure the survival of the workers in the industry, not the executives.

So, yeah, then there’s Chrysler…

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