Chrysler will not pay back bailout money

[BanginJimmy]

and the investors walk away without paying a penny back and keep all the money in their pockets and will always be rich.

You might want to recheck your facts. The investors are also getting royally screwed and the only winners in this deal is the union leadership. The unions owned 10% of the bonds sold by Chrysler, yet under the govt forced bankruptcy they are getting a 55% share. The individual and institutional investors are receiving $.30 on the dollar for their investment.


Dont worry about facts though, they are just meaningless drivel anyways.

[dorin48]

You might want to recheck your facts. The investors are also getting royally screwed and the only winners in this deal is the union leadership. The unions owned 10% of the bonds sold by Chrysler, yet under the govt forced bankruptcy they are getting a 55% share. The individual and institutional investors are receiving $.30 on the dollar for their investment.


Dont worry about facts though, they are just meaningless drivel anyways.

^^ too true.

Also $.30 is rounding up lol.

[preferredduck]

^^ too true.

Also $.30 is rounding up lol.

Cerberus LLC

research this company and see what they own, they got themselves into this mess and the taxpayer foots the bill for them and the unions.

[hondachik]

Maybe Chrysler should merge with Honda.

[MistaCee]

Maybe Chrysler should merge with Honda.

No.

[hondachik]

Dammit. Atleast I tried my bailout solution.

[preferredduck]

No.

AGREED, though toyota produced it's first loss in a quarter. so even other car makers are feeling the pinch.

[preferredduck]

You might want to recheck your facts. The investors are also getting royally screwed and the only winners in this deal is the union leadership. The unions owned 10% of the bonds sold by Chrysler, yet under the govt forced bankruptcy they are getting a 55% share. The individual and institutional investors are receiving $.30 on the dollar for their investment.


Dont worry about facts though, they are just meaningless drivel anyways.

ohh i had read something on that, whats the name cerebrus or something like that. the web of that "investment" company also has ties to
GM. Tax payers lose BIG $ here on a non publicly traded company that asked for billions. the unions and retirement did kill them somewhat but i hate to say it the investors were greedy and stupid on how they ran things. they have already made their $ and will continue to do so under GM and the cerebrus share(or whatever the hell it's spelled). they might lose a little on the bankruptcy but trust me they won't miss a dime of it. sadly i saw this coming from them in the beginning. privately traded/owned company that sold no stock, crappy cars, bad management, unions. i do feel sorry for the workers and taxpayers here NOT THE ALREADY RICH INVESTORS.