How does that work exactly?
Rep. Barney Frank's understanding of what "viable" means is a little tenuous.
A Key Democrat says a House auto industry bailout would require that U.S. automakers immediately repay $25 billion in government loans next year if they can't show they're financially viable.
Rep. Barney Frank, D-Mass., who is drafting the plan, said it would forbid the carmakers from paying dividends or giving bonuses to executives making more than $250,000 a year while they're using the government lifeline.
Frank told CNN that lawmakers want a plan that will show that the companies are viable and that the money should be repaid if they aren't viable.
If they give Detroit $25 billion dollars, and it turns out that that isn't enough to save them, how excactly is Frank going to get that money returned?
Maybe the government would be willing to take repayment in the form of gas-guzzling SUVs?
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So Barney Frank is drafting the auto bailout plan? Idiot Half-Wit Frank, who engineered the mortgage crisis? He and his liberal illuminatis would require the automakers "immediately" to repay that $25 billion if they can't show they're financially viable. Wouldn't the correct procedure be to show and implement a viable plan FIRST? Frank is going to "trust" them to repay that money? He and the automakers--DUMB and DUMBER! I say deny them the money and let them hang!!