Also, Where Did the First $17.4 Billion Go?
By Mike Lillis
Monday, March 30, 2009 at 2:55 pm
Monday, March 30, 2009 at 2:55 pm
Sen. Carl Levin (D-Mich.) just told reporters that he doesn’t know.
That cash, gifted to General Motors ($13.4 billion) and Chrysler ($4 billion) in December was intended to keep the companies from going bankrupt before April, when they would require more.
Asked today by CNN’s Dana Bash where the money went, Levin said, “We have not been briefed on that.”
One question: Is it strange that one of Washington’s loudest cheerleaders for additional Detroit bailout funding would have no clue where the money is going?
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