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January 7 - The Original Chrysler Bailout
On this day in Labor History the year was 1980. That was the day the President Jimmy Carter signed into law the Chrysler Corporation Loan Guarantee Act. The act allowed the federal government to guarantee up to one-and-a-half billion dollars in loans to aid the failing Chrysler corporation.
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By The Rick Smith ShowOn this day in Labor History the year was 1980. That was the day the President Jimmy Carter signed into law the Chrysler Corporation Loan Guarantee Act. The act allowed the federal government to guarantee up to one-and-a-half billion dollars in loans to aid the failing Chrysler corporation.