Italian automaker gets $3 billion of U.S. bailout money FREE?

Chrysler asks the U.S. taxpayers for an additional $3 billion to secure Fiat deal.

West Palm Beach, FL (–Chrysler LLC is demanding another $3 billion in emergency bailout money from the U.S. Taxpayers above the $4 billion they just received on Januray 2, 2009. In a shocking request, reported by Reuters today, Chrysler is seeking an additional $3 billion dollars of American taxpayers money from the U.S. government to secure a deal with Italian automaker, Fiat. Apparently, Fiat will be given a 35% stake in Chrysler for free. No cash will be given to Chrysler.

Chrysler is 80% owned by a private equity firm called Cerberus Capital Management according to Wikipedia Apparently, in exchange for an additional $3 billion of U.S. Emergency bailout money, plus a 35% stake in the U.S. automaker, Fiat will allow Chrysler access to its technology and overseas market. If the U.S. Government writes the $3 billion check the total payout to Chrysler will equal $7 billion in three weeks.

Average American consumers seem to be scratching their heads and asking…Where is all the money going? ground breaking news for injured consumers

About the Author Justice Seeker

Heather L. Ryan, R.N., C.L.N.C- Heather Ryan is a Certified Legal Nurse Consultant with 15 years of experience in the health care industry. Her expertise in reviewing medical records and assisting lawyers with the determination as to whether legal action should be taken provides an invaluable asset to the newsroom. Medical-malpractice, products liability, personal injury and workers’ compensation are some of the recent areas of litigation Ms. Ryan has focused her efforts on. A member of the Florida Justice Association, Heather maintains a long list of certifications and credentials to support her areas of expertise and stays up-to-date with her clinical knowledge working as an emergency room/trauma nurse, at a Level 1, Adult/Pediatric trauma and teaching institution in South Florida.