Obama Denies Bailout Funds for U.S. Automakers, Sets Restructure Deadline - First 100 Days of Presidency - Politics FOXNews.com

Obama Denies Bailout Funds for U.S. Automakers, Sets Restructure Deadline - First 100 Days of Presidency - Politics FOXNews.com: "The Obama administration, however, has decided not to require the automakers to immediately repay government loan money they previously received, since that would force both companies into Chapter 11 bankruptcy.

A senior administration official told FOX�News, 'calling in the loans would not be a productive exercise for the American taxpayer since the companies don't have the money [to repay the loans] and it would simply put the companies into uncontrolled Chapter 11.'"

And why do they think the companies will be able to repay the loans later?