Bankruptcy Judge: If We Listened To Romney, Chrysler Would Be Dead
The federal bankruptcy judge who presided over Chrysler’s bankruptcy told ABC News that if Mitt Romney’s advice had been followed, the auto giant would be dead with thousands of jobs lost.
Judge Arthur J. Gonzalez told the network that there “were no other sources of lending” besides the federal government.
Both GM and Chrysler needed money to prop them up, and while Romney argued in the New York Times to “let Detroit go bankrupt” only the federal government was willing to step up to the plate at the time.
Chrysler recently announced a profitable quarter and has repaid most of the federal loan money it used to keep afloat.
VIA ABC News
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