Watchdog: Chrysler rejected loan to dodge executive-pay rules:

04/21/2009 | Washington Post (tiered subscription model), The

The U.S. Treasury's special inspector general for the bailout of Chrysler and General Motors said Chrysler Financial, which loans to Chrysler dealers and car buyers, turned down a $750 million federal loan to avoid limits on executive pay. Chrysler Financial said in a statement that it declined the offer because it does not need the money.

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Washington Post (tiered subscription model), The

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