April 30, 2009: Chrysler LLC files for bankruptcy protection under Chapter 11
January 7, 1980: President James Earl Carter signs the Chrysler Corporation Loan Guarantee Act of 1979, providing the company with $1.5 billion in backing. This enables the company to avoid bankruptcy.
Also:
- I was a just about a week past my 8th birthday
- The Dow Jones Industrial Average closed at 832.00
- The yield on the 30 year Treasury Bond was 10.35%
- $2.26 would buy 1 pound sterling
- The number 1 single was Pink Floyd's "Another Brick in the Wall"
- "60 Minutes" and "Three's Company" were doing battle for the number 1 TV show
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