Chrysler bankrupt

Discussion in 'Economy' started by Yurt, Apr 30, 2009.

  1. Yurt
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    Yurt Gold Member

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    yay....all those billions for what, something they should have done BEFORE those billions....

    obama owns this bankruptcy
     
  2. Burp
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    Burp Always carry, never tell

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    Partnership with Fiat.

    We used to call Fiat, Fix It Again Tony.
     
  3. random3434
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    random3434 Senior Member

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    I'm interested to hear how. Didn't the Big 3 get bailout money?

    Trust me, this saddens me to no end, because here in Indiana Chrysler employs thousands...who now will not be working for 60 days until they restructure their bankruptcy. Our local news said Chrysler hopes to be "up and running" again after those 60 days.
     
  4. garyd
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    garyd Senior Member

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    Fiat's small car tech is going to hlep Chrysler? The only guy I ever new owned a Fiat siad it came with a roll of baling wire to stick it back together whenever it fell apart.
     
  5. Yurt
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    Yurt Gold Member

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    not ford

    i said last year no bailout, bankruptcy, i said that the bailouts won't do squat and the companies will still go bankrupt...

    viola...bailouts are not good

    i certaintly hope this is not a portent of things to come
     
  6. WillowTree
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    WillowTree Diamond Member

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    Chrysler will be okay maybe,, depends if Americans buy their products.. what it shakes out as is this, uaw owns about 60% us gov. about 40%, the bondholders who lent them 6.9 billion dollars will get back two billion,, they are just shit outta luck,, so no one in their right minds will ever float another loan to a car maker so essentily the us gov will keep bailing them out year after year.,they suck and are no competitive, and the bondholders get the shit end of the stick thats what happens when you're dealing with democrats Ford didn't take any bailout money did they?
     
  7. Yurt
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    Yurt Gold Member

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    does anyone know exactly how much the UAW paid to own 60%...

    or was it the billions us taxpayers gave them

    and the government owning that much, sounds socialist to me
     
  8. WillowTree
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    WillowTree Diamond Member

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    sounds to me like the bondholders shudda owned it,, :eusa_whistle:
     
  9. Yurt
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    Yurt Gold Member

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    i haven't been able to find anything that says how the UAW come up with the funds to buy them and how the government now gets 40%...gov, i figure the billions WE gave them....

    disturbing
     
  10. WillowTree
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    WillowTree Diamond Member

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    I will link it soon as I find it Shepard Smith gave the complete run down during his broadcast,, and iirc along with what we've already given them this deal comes with more billions..
     

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