Quote:
Originally Posted by Bobcat
I would like to put this out for discussion .... did anyone notice that Chrysler is taking bankruptcy after the Govt. gained control of most of the banking system ? Also , it was announced the GMAC will now finance both Chrysler and GM cars/trucks .... and the UAW now controls both GM and Chrysler .... and the private bond holders get the shaft .
Other than Ford , the Govt . now controls the automobile industry in this country .... and how long can Ford hold out in the face of govt. backed competition ?
Also just heard that Cessna is handing out 1600 termination notices in Bend , OR since they have lost the fight with the govt. on the evil Corporate jets that were to be made there .
Looks like an Argentina style takeover of private industry is now in place .
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Well, the government has $4 Billion in Chrysler; Banks have $6 Billion in Chrysler; the government has $90 Billion in Banks; the government has $170 Billion in AIG (they insure practically all major entities....
Now, who is going to buy Chrysler cars after all this and why?
We are so screwed - should have stayed out of all this S--- and allow the chips to fall.