Your neighbour knocks on your door, says he’d like you to loan him some money to buy a car, but doubts that he’ll ever be able to pay you back… and hey by the way he says, I’m declaring bankruptcy…
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So what do you do, you reach for the cheque book…
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That seems to be the situation when it comes to the province of Ontario and the Federal Government with their recent contributions to the Chrysler rescue fund, about $1.45-billion in taxpayer funded financing, which a New York court was told today probably will never be repaid…
(from the blog a town called podunk, click on the link below to see the entire article atowncalledpodunk.blogspot.com/2 … 1299313701 )-