Today, Chrysler finally succumbed to the inevitable...bankruptcy.  They are the 3rd largest car manufacturer in our country, but like every other corporation, they have been hit hard by gas prices, the recession, and a move away from SUV's/gas-guzzlers.

You can read more of the story here...

google.com/hostednews/ap/article/ALeqM5hktj5QRHLZw1POuhJFjybMvOZrTQD97T57L00

This is the part of the story that bothered me...

...the federal government agreed to give Chrysler up to $8 billion in additional aid and to back its warranties.

and this...

The government has sunk about $25 billion in aid into Chrysler and rival General Motors Corp.

and don't forget this part...

GM has asked its unsecured bondholders to exchange $27 billion of debt for a...

wait...WHAT THE????  27 WHO?  27 Billion dollars of debt...why is GM in 27 BILLION dollars of debt?