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Auto-Trend Repairs and Service Information Forums -> Money, Business, Technology and Politics -> Chrysler going Brankrupt with GM to follow!?
Post Info TOPIC: Chrysler going Brankrupt with GM to follow!?
SELLC


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Chrysler going Brankrupt with GM to follow!?
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Yeah I am sure this is old news, but just what do you think now?

Just another way for big business to spin off some old debt?

GM is considering moving its headquarters out of Detroit and somewhere else in Michigan and who can blame them? What with all the problems Detroit has had with corrupt Mayors and the bust of 2 of the Big 3, with announcements that ford is going to sell 3,000,000+ new stocks, I think its clear to see that Obama's economics are not going to pull us out of this.

Here is an interesting read - "Obama Says U.S. Long-Term Debt Load Unsustainable"
http://www.bloomberg.com/apps/news?pid=20601087&sid=aJsSb4qtILhg&refer=worldwide

Just what does it all mean? Well I think its quite clear. Intrest rates are going back up, inflation, gas cost back on the rise, yadda, yadda, yadda.....

All this just FEELS like a distraction from things that would really make your skin peel.

Still GM and Chrysler going bankrupt will be nothing compared to the FDIC or government going bust, which honestly cant be far off, given the amount of spending.

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SELLC


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LOL

How long was Chrysler in Bankruptsy? Less than a month!?

This is bullshit! They fuck all of the people, then spin it off to Fiat whom gets to enjoy the company relatively debt free.

Had Mercedes-Benz not sucked all the money out of Chrysler with their take over not long ago, I think this problem would have never happend. Its just a big joke and I think it sets the WRONG example for other business and people whom may now see Bankruptsy as a means to cheat and steal without the consiquences.

While I am not a top dog at Mercedes, Chrysler or GM, I can tell you it sticks to high heaven! One more reason to THINK before you vote next election!

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What is to give light must endure burning -- Viktor Frankl

 

 
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