Chrysler Financial refused bailout bucks over exec pay

That’s right, the financing arm of about-to-go-bankrupt Chrysler turned down federal loan money to continue overpaying the same officials that have ground them into impending bankruptcy in the first place.

Yes, technically, it’s separate from the carmaker, but it’s the same idiots, at bottom line.

I’m guessing that Fiat might demand concessions there, as well as wages of line-level employees if Chrysler Financial is part of the acquisition.