So where's the $8 Billion they took to stay afloat? :roll:

Re: Chrysler Bankrupt

[url]http://www.presstelegram.com/news/ci_12263269[/url]

from the reading of this, it sounds like as a result of bankruptcy, Chrysler will now get the $8B federal bailout... not sure how all of this works, but that's at least what this article says.

[quote]Chrysler will file for Chapter 11 bankruptcy protection in New York on Thursday and will be eligible for up to $8 billion in federal aid to rebuild the ailing automaker, according to senior administration officials.[/quote]

Re: Chrysler Bankrupt

gee a bankruptcy before was the worst thing possible...now all of a sudden it's a Godsend.

Nice job as usual US Government and those "car czars"

Re: Chrysler Bankrupt

the biggest thing is this will allow chrysler to rewrite all those inflated union contracts which have bogged down us automakers for decades. seriously, you shouldn't be making $50+ per hour to stand on an assembly line and put screws in a door.

Re: Chrysler Bankrupt

it was about freaking time they did this.

and I suspect it will come up soon, so I'll just state it now: yes, this is different from the banking crisis (although some banks should be pushed towards an [I]orderly[/I] bankruptcy, too).

Re: Chrysler Bankrupt

[quote=Jenks;743066]the biggest thing is this will allow chrysler to rewrite all those inflated union contracts which have bogged down us automakers for decades. seriously, you shouldn't be making $50+ per hour to stand on an assembly line and put screws in a door.[/quote]

well, now they own the problem they created for the rest. they die, it was thier own management and ownership that did it. maybe for once, a union will accept that there simply isnt enough money to keep them all employed while presenting a prodcut that the public will buy at a certain demand. im glad they are getting such a large share of the company, now they can balance the books while finding a way to make more affordable and desireable cars

but then again, with our current leadership, and lobbying, i can easily forsee a future where the auto industry and obamanomics get a law passed saying we have to buy american cars to keep thier pockets happy.

Re: Chrysler Bankrupt

something has to be in it for the tax payers they are share holders. I wouldn`t doubt it sean.

The car czar will tell us what to buy

Re: Chrysler Bankrupt

its like hittler with the Volkswagen all over again!! fuuuckk!! Obama really is the Antichrist!! [IMG]http://www.history.ucsb.edu/faculty/marcuse/classes/33d/33dWImages/HitlerPorscheVW1938.png[/IMG] lookout jewish folks, and also high class white christian republicans, Obama's out to get you!!