Chrysler

Chrysler: The cost to Canadians was $13.7 billion US: $10.8 billion to GM and $2.9 billion to Chrysler. , according to Times Colonist. Two years later, federal Finance Minister Jim Flaherty trumpeted the bailout and claimed Chrysler repaid the loans in full. That was false. In June 2009, the federal and Ontario governments used massive amounts of taxpayer cash to rescue two corporations deemed too big to fail: General Motors and Chrysler. The taxpayer bailout was part of the court-supervised restructuring process for the two companies, egged on by the Obama administration. (www.immigrantscanada.com). As reported in the news.