Actually, they defaulted on 7 billion of bailout money but I believe they are Italy and Fiat’s problem now. I also noticed that the loan that they held for 3 months and bk’d on had a 300 million dollar fee on it. So somebody is making money. Besides, 7 billion is chump change these days. If AIG or BOA sneezes it cost 10 billion or so. Actually, BOA needs another 34 billion. Since the stress test were not that stressful they will definitely need more money in the future. So we got that going for us. [/quote]
Yes, but probably the ramifications of a bank/financial institution failure like BOA or AIG is probably much more widespread than a Chrysler. Unfortunately, it probably is true there is no main street without wall street.
