There’s some very delicate phrasing in Timothy Geithner’s recent talk about “looking forward to the full repayment of our loan to [Chrysler]”. By “our loan” he doesn’t mean all of our loans to Chrysler. He means one of our loans to Chrysler — the $7.1 billion loan that we’re still hoping to see paid back. The other loans, on which we’ve lost a combined $3.5 billion, that money is gone for good.
(Via Kaus Files.)
POSTSCRIPT: I wasn’t able to locate the document that The Truth About Cars shows in the link above, but the Congressional report on the auto bailout has the same information on page 52.
Internet Scofflaw 