So what about all the noise about Chrysler supposedly paying off its bailout loan?  In the end the U.S. taxpayers lost $1.3 billion.

The pay off was in the form of stock buy back.  The United States government sold its remaining shares of Chrysler stock to Fiat.  The result was a net loss for U.S. taxpayers.  The U.S. Department of Treasury called it a “major accomplishment”!

Maybe if the federal government wasn’t so busy bailing out banks and corporations (along with its increasing war budget) it wouldn’t be in so much financial trouble right now.