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While Chrysler participated in the bailouts, they are sitting on a lot of money now having posted strong gains this past quarter. Now as Chrysler financially is on the rise, the company is looking to reimburse labor unions, but what about the tax payers? Of the money that was loaned to Chrysler, over a billion dollars will not be required to be paid back. When did a billion dollars become a rounding error that we just write off? Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox Business to discuss Chrysler’s move to reimburse labor unions.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: bailout, chrysler, economy, financial advisor, labor unions, money, performance, portfolio, sharpe ratio, tax payers, wealth manager