Say you lent me $1,000 and I took $500 of it and rented out a billboard to advertise what a swell person you were for lending me the money. Pretty stupid, huh? (And, I guess the other question would be who's the stupid one: me for buying the billboard or you for lending money to the type of idiot who would turn around and blow part of it).
If you think this sounds too ridiculous to actually happen, you'd be wrong. Chrysler recently spent a couple hundred grand to take out ads in the
Wall Street Journal and
USA Today thanking you and me for sending them a big chunk of taxpayer-funded bailout dollars. Are the automakers just clueless?
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