| Author | Message | |||
     Rfischer |
| |||
| Dbird29 |
The investment groups had 90 minutes to respond to the last offer. Wonder if it was just easier to take it to CH11 than continue to be chewed on? | |||
| Court |
I've been watching as the neighborhood organizer meddles in things he is patently unqualified to understand or manage. Look, would you buy a car from a Chrysler that was run by a proxy from the Obama administration who'd never spent a day in the auto industry in concert with the UAW? I'm kinda thinking that whatever they do . . . . it a; hinges on folks being willing to buy their products. We'll be buying a new car in the next 10 days and I would touch a Chrysler or GM, just because of the feds involvement, with a 10' pole. I was going to replace my F-150 this year . . . but I'm thinking I like having an "old fashioned pre-turmoil" model. | |||
| Texastechx1 |
. . . but I'm thinking I like having an "old fashioned pre-turmoil" model.  hahaha, well put | |||
| Rfischer |
Last fall I bought a '99 F250 Super Duty from a commercial lawn maintenance outfit. Only used May-Oct. each year, 75,000 mi. $4000. It will outlive me. In the result, none of the US 3 are likely to see any more of my $$, regardless of who owns and/or operates them. On the larger issue, the bankruptcy of ChryCo and the impending one of GM, our duly elected government has taken a giant step forward in the destruction of the economic engine that made America what it is. It will take a long time, if ever, before investors feel confident in putting their capital to work here. We will be destined to rely on "hot money" for growth which dooms us to boom & bust cycles, just as Argentina, Venezuela, Russia, et al. |
The real story of the Chrysler bankruptcy