Auto industry seeks $50B in loans from Congress | WHAT REALLY HAPPENED


Auto industry seeks $50B in loans from Congress

Low interest loans would be used to help them modernize the industry's assembly plants and develop next-generation fuel-efficient vehicles.

Webmaster's Commentary: 

So, to summarize, the top executives of the auto makers spent their cash on lavish salaries and bonuses for themselves, and now have to go to the government (meaning the taxpayers) for money to modernize their factories.

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