69dejavue Posted May 5, 2009 Report Share Posted May 5, 2009 Just curious. Has anyone been able to explain to the new auto expert, presidency for life obama, that if Fiat was any good it would already be selling cars in America? That is how capitalism works. Fiat withdrew from the American market due to a lack of sales many years ago. If it was any good it would still be selling in the US. Now we have Fiat crammed down our throat so as to merge with the Europeans. FIAT- Fix It Again Tony!!!!!!!!!!! Link to comment Share on other sites More sharing options...
stormeaston Posted May 5, 2009 Report Share Posted May 5, 2009 Link to comment Share on other sites More sharing options...
jaydub Mach1 Posted May 5, 2009 Report Share Posted May 5, 2009 Probably, not. "Car Czar" Steve Rattner is too busy threatening Chyrsler bond holders with accepting Obama's illegal 29 cents on the dollar offer so he can give his Union thugs a controlling interest. The best part is he used corrupt, liberal big media as the threat. Rattner would sic them on the investors and ruin their reputation. Hmmm This must be hope and change..... http://planetgore.nationalreview.com/post/...DVjODY5MDk3MTU= Link to comment Share on other sites More sharing options...
turnsignaldelete Posted May 7, 2009 Report Share Posted May 7, 2009 American Free Market Economy. Link to comment Share on other sites More sharing options...
2007GT Posted May 7, 2009 Report Share Posted May 7, 2009 Probably, not. "Car Czar" Steve Rattner is too busy threatening Chyrsler bond holders with accepting Obama's illegal 29 cents on the dollar offer so he can give his Union thugs a controlling interest. The best part is he used corrupt, liberal big media as the threat. Rattner would sic them on the investors and ruin their reputation. Hmmm This must be hope and change..... http://planetgore.nationalreview.com/post/...DVjODY5MDk3MTU= Does it seem odd to anybody else that Cerberus is basically walking away with nothing? They gave up their 80% stake in the company as well as the corporate headquarters for $0.00. What type of company does something like that? Why does the union that was like 4th in line to be paid get 55% of the company and the secured debt holders who were in first position get pennies on the dollar? Something doesn't smell right. Link to comment Share on other sites More sharing options...
David Hawkins Posted May 7, 2009 Report Share Posted May 7, 2009 Does it seem odd to anybody else that Cerberus is basically walking away with nothing? They gave up their 80% stake in the company as well as the corporate headquarters for $0.00. What type of company does something like that? Why does the union that was like 4th in line to be paid get 55% of the company and the secured debt holders who were in first position get pennies on the dollar? Something doesn't smell right. Does not bother ME. Cerberus NEVER should have become the Owners to begin with. If my memory is correct on this, they were a Holding Company and had nothing to do with the Automotive Industry before. I believe they didn't know what they were doing and did not put enough Money back into the Company. Link to comment Share on other sites More sharing options...
David Hawkins Posted May 7, 2009 Report Share Posted May 7, 2009 Does it seem odd to anybody else that Cerberus is basically walking away with nothing? They gave up their 80% stake in the company as well as the corporate headquarters for $0.00. What type of company does something like that? Why does the union that was like 4th in line to be paid get 55% of the company and the secured debt holders who were in first position get pennies on the dollar? Something doesn't smell right. It is all about the VOTES......................... There are more Union Voters then there are Dept Holders and 2012 is not that far off. Link to comment Share on other sites More sharing options...
69dejavue Posted May 7, 2009 Author Report Share Posted May 7, 2009 Does it seem odd to anybody else that Cerberus is basically walking away with nothing? They gave up their 80% stake in the company as well as the corporate headquarters for $0.00. What type of company does something like that? Why does the union that was like 4th in line to be paid get 55% of the company and the secured debt holders who were in first position get pennies on the dollar? Something doesn't smell right. Its called Socialism. Where the workers rule. Welcome to the Communist Revolution in America. Nikita Kruschev said Communism would take over the US without firing a shot. He was right. Link to comment Share on other sites More sharing options...
2007GT Posted May 7, 2009 Report Share Posted May 7, 2009 Its called Socialism. Where the workers rule. Welcome to the Communist Revolution in America. Nikita Kruschev said Communism would take over the US without firing a shot. He was right. That was sort of my point. The company that owned most of Chrysler got squat and the union thugs got 55% of the company so they can skim the money and run the company into the ground again. The tax payers will be left holding the bag. What do you want to bet that the union comes to the government with their hand out in 3 years and they get bailed out again and end up owning 100% of Chrysler? I know I'll never buy one. Link to comment Share on other sites More sharing options...
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