Change we can beleive in

[tony]

dude are you smoking crack. this sounds like every car company. do you own a home, well it;s a similar deal. i know plenty of developers who pay interest only on their property not selling, kind of like a car lot. hell most business out there have some form of credit or $ owed. you are plain retarted. but obama owns like 80% of the company now and is basically taking everything this man owns and posessions laready had and is giving it to someone else for free it seem. you are a joke buddy.

Please do explain, I'm interested to be enlightened on what you claim in this post.

[preferredduck]

Please do explain, I'm interested to be enlightened on what you claim in this post.

On Thursday, May 14, 2009 I was notified that my Dodge franchise, that we purchased, will be taken away from my family on June 9, 2009 without compensation and given to another dealer at no cost to them--quote from article. this means that HIS $$ time, and everything else invested is being taken from him and given to someone else, he may have spent $1 maybe 2million who knows but he lost all of it period.


Additionally, my Dodge parts inventory, (approximately $300,000.) is virtually worthless without the ability to perform warranty service. There is no offer from Chrysler to buy back the vehicles or parts inventory.--quote from article. he spent $300k on parts inventory most likely required by chrysler to have on hand that he will not get compensated for, yes he can slowly sell some of the parts via the web etc, but if it's anything like mack trucks you must have a certain amount and type of inventory to do warranty work that comes out of the owners pocket(i ran the parts room for gainesville truck center).

Our facility was recently totally renovated at Chrysler’s insistence, incurring a multi-million dollar debt in the form of a mortgage at Sun Trust Bank.--quote #3--- this is something that most dealers had to do, ford included. they don't want their name with a crappy facility. so he renovated at their expense and now has a great showroom that the new owners could use for free, i doubt it though b/c he probably owns the land and building but with a mortgage with the bank you should kiss it goodbye also.

yes i understand that staying with a crappy brand is a risky move, but to take away things from someone who was trying to do "good for the company" is pretty crappy never the less. even thouygh the brand sucks he cannot sell his inventory as a "new" car anymore and cannot get revenue from servicing the vehicles that are on the road and the customers that have probably been coming there for years.

[joecoolfreak]

On Thursday, May 14, 2009 I was notified that my Dodge franchise, that we purchased, will be taken away from my family on June 9, 2009 without compensation and given to another dealer at no cost to them--quote from article. this means that HIS $$ time, and everything else invested is being taken from him and given to someone else, he may have spent $1 maybe 2million who knows but he lost all of it period.


Additionally, my Dodge parts inventory, (approximately $300,000.) is virtually worthless without the ability to perform warranty service. There is no offer from Chrysler to buy back the vehicles or parts inventory.--quote from article. he spent $300k on parts inventory most likely required by chrysler to have on hand that he will not get compensated for, yes he can slowly sell some of the parts via the web etc, but if it's anything like mack trucks you must have a certain amount and type of inventory to do warranty work that comes out of the owners pocket(i ran the parts room for gainesville truck center).

Our facility was recently totally renovated at Chrysler’s insistence, incurring a multi-million dollar debt in the form of a mortgage at Sun Trust Bank.--quote #3--- this is something that most dealers had to do, ford included. they don't want their name with a crappy facility. so he renovated at their expense and now has a great showroom that the new owners could use for free, i doubt it though b/c he probably owns the land and building but with a mortgage with the bank you should kiss it goodbye also.

yes i understand that staying with a crappy brand is a risky move, but to take away things from someone who was trying to do "good for the company" is pretty crappy never the less. even thouygh the brand sucks he cannot sell his inventory as a "new" car anymore and cannot get revenue from servicing the vehicles that are on the road and the customers that have probably been coming there for years.

Since you still don't get it, the only thing that was taken away was his franchise. That is simply a contract with Chrysler that allows him to sell their product under their name. All he lost was his contract. No one took his money, his inventory, his building, or his land. He still has all of those. That being said, Obama had NOTHING to do with that. That happened because Chrysler filed for bankruptcy. Stop blaming Obama for the fact that this guy is a poor businessman. I will again ask: what is it you would have liked to happen in this case?

that was a weak insult, my turn now. you must not speak english b/c everthing is on credit, including you.

Hmm, I was simply remarking that 80% of what you post is unintelligable because you can't form complete sentances in english. I seriously have a difficult time deciphering half of what you write because you don't even attempt to capitalize letters or finish your thoughts in complete sentance structure. I don't claim to spell correctly or have perfect grammer, but I do attempt to write in correct english so that other people can understand what I am saying. It would be the same if you just mumbled for a while, as we don't know what you mean. If you doubt me, look back at some of your posts and read them back out loud.

i do not support the government in private business, but consider the fact that the obama admin owns 80% of chrysler

This would be where Tony's question comes into to play. There is no fact here. Obama doesn't own any part of chrysler. You also failed to provide any evidence as Tony asked.

guess what just happened to that guy. and the housing market, dont get me started on that one b/c i was a loan officer for a few years and i do not feel sorry for even my friends who lost their home b/c of an interest only ARM. It wasn't just people trying to resell a home that got screwed either, mostly people who wanted to keep up with the jone's etc lost their homes. you can thank our gov't for derregulating the mortgage industry years ago and coming up with these crap loans that interest only is paid on. freddie mac and fannie may are going belly up too b/c of the mess. but again you can thank washington DC and the federal reserve for that. the fed controls the interest rate for mortgages, credit cards, you name it they control it. hell i think it was alan greenspan who basically came out and said they were responsible for the meltdown in housing. i will say this, it's not over, look for uncle sam to own morre of america, and guess who owns uncle sam, the federal reserve bank, and you guessed it it's a private bank.

Ok, you may not feel sorry for people who lost their homes to ARM and neither do I. It was their fault, not the governement's. Now if you are saying that I can blame the governement for derregulating the mortgage industry, doesn't that mean you are for more regulation (more government intervention)?

so that being said i guess it is america's fault b/c every dime the gov't gets is on CREDIT. every last penny of it is borrowed. does that put a new spin on things for you WE ARE ALL ON CREDIT, that tax $$ that comes out of your check is going to pay interest on the loans that some dumbass politician borrowed for a pet project, sounds fun huh.

What is the relevance of this? Does the government do things on credit? Sure. Does that mean people can buy everything they want on credit and not have to pay it back? I don't get your point at all here. The simple fact is that the owner of the dealership got what was coming to him and I don't feel sorry for him at all.

I will ask a final time, What do you think should have happened? When Chrysler filed for bankruptcy, what do you think is the proper course of action as it applies to this dealership in question?

[preferredduck]

Since you still don't get it, the only thing that was taken away was his franchise. That is simply a contract with Chrysler that allows him to sell their product under their name. All he lost was his contract. No one took his money, his inventory, his building, or his land. He still has all of those. That being said, Obama had NOTHING to do with that. That happened because Chrysler filed for bankruptcy. Stop blaming Obama for the fact that this guy is a poor businessman. I will again ask: what is it you would have liked to happen in this case?


Hmm, I was simply remarking that 80% of what you post is unintelligable because you can't form complete sentances in english. I seriously have a difficult time deciphering half of what you write because you don't even attempt to capitalize letters or finish your thoughts in complete sentance structure. I don't claim to spell correctly or have perfect grammer, but I do attempt to write in correct english so that other people can understand what I am saying. It would be the same if you just mumbled for a while, as we don't know what you mean. If you doubt me, look back at some of your posts and read them back out loud.



This would be where Tony's question comes into to play. There is no fact here. Obama doesn't own any part of chrysler. You also failed to provide any evidence as Tony asked.



Ok, you may not feel sorry for people who lost their homes to ARM and neither do I. It was their fault, not the governement's. Now if you are saying that I can blame the governement for derregulating the mortgage industry, doesn't that mean you are for more regulation (more government intervention)?



What is the relevance of this? Does the government do things on credit? Sure. Does that mean people can buy everything they want on credit and not have to pay it back? I don't get your point at all here. The simple fact is that the owner of the dealership got what was coming to him and I don't feel sorry for him at all.

I will ask a final time, What do you think should have happened? When Chrysler filed for bankruptcy, what do you think is the proper course of action as it applies to this dealership in question?

here let me break it down for you so im not mumbling

1.wow so what i dont capitalize, usually im on and off here in a hurry, like tonight. And yes i do get it. I have worked in several dealers and ran a mack truck outfit. Read into exactly what the man is losing and you will understand. Have you ever dealt with auto warranty, parts supply, etc. Also last time i checked with chrysler filing for bankrupty dealers are supposed to honor warranties and service agreements, which in this case if the guy's "franchise" is gone then he cannot do that. also he cannot sell his inventory as a "new" car b/c the franchise is gone, so deduct used value which as you know the biggest hit is when you buy a new car and there you have it. it's pretty black and white in the article.

2. don't think the gov't has a stake in GM, wrong read this.
http://online.wsj.com/article/BT-CO-...26-714684.html

put that in your pipe and smoke it.

3. regulation on idiotic loan ideas(like ARM's) should have been nipped in the butt. i prefer less gov't, but when someone makes large sums of $$ on shitty loans and 50% of the time they lied to the client and put them in an arm without knowing is bad. but what most consumers don't know is you can walk away from the closing table. and don't say this did not happen i can give you several examples of bait and switch.

4. you mentioned the guy owed a lot of $$ and you do not feel sorry for him losing his business, what i pointed out is, what's our national debt again.

hang on i'll quote you--What is the relevance of this? Does the government do things on credit? Sure. Does that mean people can buy everything they want on credit and not have to pay it back? I don't get your point at all here. The simple fact is that the owner of the dealership got what was coming to him and I don't feel sorry for him at all.----

well the point is chrysler borrowed a bunch of our taxpayer $$ that we did not have to begin with and is not liable at paying it back. hey let's throw $$ at AIG, BANKS, you name it lets borrow borrow borrow till china says no more bond buying. it's the pot calling the kettle black.


5. lastly i do not think the man should have his dealership taken away and given to somebody else. period. think of it as starting your own company one day being kicked out by the board commitee. chrysler should file BK like everyone else, restructure and PAY BACK THE TAX $$ GIVEN TO THEM. watch for an assembly plant in south america for this brand soon.

[joecoolfreak]

here let me break it down for you so im not mumbling

1.wow so what i dont capitalize, usually im on and off here in a hurry, like tonight. And yes i do get it. I have worked in several dealers and ran a mack truck outfit. Read into exactly what the man is losing and you will understand. Have you ever dealt with auto warranty, parts supply, etc. Also last time i checked with chrysler filing for bankrupty dealers are supposed to honor warranties and service agreements, which in this case if the guy's "franchise" is gone then he cannot do that. also he cannot sell his inventory as a "new" car b/c the franchise is gone, so deduct used value which as you know the biggest hit is when you buy a new car and there you have it. it's pretty black and white in the article.

I have dealt with all of those, so I do understand. Correct, he cannot honor warranties. He is not a chrysler dealer anymore. He rented the ability to call himself that and can't anymore. His inventory is worth less, yes, that is the point. He knew the risk and gambled. He lost and was wrong. That's the way life goes. You are not entitled to a successful business and he didn't earn it.

2. don't think the gov't has a stake in GM, wrong read this.
http://online.wsj.com/article/BT-CO-...26-714684.html

put that in your pipe and smoke it.

Where did GM come into this? We are talking about Chrysler. You do know the difference right? YOU stated that Obama owned 80% of Chrysler. Now backup that smoke. =-)

3. regulation on idiotic loan ideas(like ARM's) should have been nipped in the butt. i prefer less gov't, but when someone makes large sums of $$ on shitty loans and 50% of the time they lied to the client and put them in an arm without knowing is bad. but what most consumers don't know is you can walk away from the closing table. and don't say this did not happen i can give you several examples of bait and switch.

Every consumer knows that you have a right to walk away from the table. Every consumer knows that they should read the contract before signing. Any customer that doesn't know those two things, deserves to be screwed for doing it without supervision from a smarter person. No one signed an ARM without knowing about it. They just all thought that they were getting a deal that was too good to be true and guess what, it was. Still no sympathy. You prefer less government, but more regulation on personal stupidity. I am not followint the logic.

4. you mentioned the guy owed a lot of $$ and you do not feel sorry for him losing his business, what i pointed out is, what's our national debt again.

Again, what is the point? I am aware that we have a national debt. I still don't see it's relevance. I have a credit card too? Should this be a point in my arguement? He lost his business because he is a bad businessman. That simple. Get it yet?

hang on i'll quote you--What is the relevance of this? Does the government do things on credit? Sure. Does that mean people can buy everything they want on credit and not have to pay it back? I don't get your point at all here. The simple fact is that the owner of the dealership got what was coming to him and I don't feel sorry for him at all.----

well the point is chrysler borrowed a bunch of our taxpayer $$ that we did not have to begin with and is not liable at paying it back. hey let's throw $$ at AIG, BANKS, you name it lets borrow borrow borrow till china says no more bond buying. it's the pot calling the kettle black.

Again, not sure where a point might be found here. What pot is calling what kettle here?

5. lastly i do not think the man should have his dealership taken away and given to somebody else. period. think of it as starting your own company one day being kicked out by the board commitee. chrysler should file BK like everyone else, restructure and PAY BACK THE TAX $$ GIVEN TO THEM. watch for an assembly plant in south america for this brand soon.

His dealership isn't being taken away for the last time. His contract with Chrysler ( who doesn't have to honor ANY contracts ) is being disolved. Since you still haven't figured this out ( See Tony's last few posts ), he signed a contract that allowed him to borrow the Chrysler name and privilages. There isn't any ownership here. When Chrysler files for bankrupcy, their contracts are voided. They restructure (offer some of the dealerships back the contract, but only a few select profitable ones so they don't continue losing money) like they did. What you describe as what should happen, is happening. Please explain what part of the process should ensure this guy gets a new contract with Chrysler and how that wouldn't be more government involvement?

[preferredduck]

Where did GM come into this? We are talking about Chrysler. You do know the difference right? YOU stated that Obama owned 80% of Chrysler. Now backup that smoke. =-)

do a little research on the investment comany that owns chrysler and you will also see they have a stake in GM, GMAC financing, which includes cars, mortages, etc. I saw tony's post about the franchise and contracts that had to have been signed. there is no safe bet on any business venture but doesn't a franchise cost a chunk of change, and wouldn't that make almost every dealer out there a franchise.

Every consumer knows that you have a right to walk away from the table. Every consumer knows that they should read the contract before signing. Any customer that doesn't know those two things, deserves to be screwed for doing it without supervision from a smarter person. No one signed an ARM without knowing about it. They just all thought that they were getting a deal that was too good to be true and guess what, it was. Still no sympathy. You prefer less government, but more regulation on personal stupidity. I am not followint the logic.

i don't think there should be regulation on personal stupidity, but making it harder for someone to become a loan officer would be a good start, i mean you are in complete control of someone's future and YOU determine your comission. Once you get some people's trust they may not check to see if the good faith estimate matches what is at closing, or the many cases of fraud popping up there was alot of foul play involved. did you know the Ex-CEO of countrywide,"the leader in subprime BS" now has a company that makes tons of money off the mess that he caused.

4. you mentioned the guy owed a lot of $$ and you do not feel sorry for him losing his business, what i pointed out is, what's our national debt again.


Again, what is the point? I am aware that we have a national debt. I still don't see it's relevance. I have a credit card too? Should this be a point in my arguement? He lost his business because he is a bad businessman. That simple. Get it yet?

hang on i'll quote you--What is the relevance of this? Does the government do things on credit? Sure. Does that mean people can buy everything they want on credit and not have to pay it back? I don't get your point at all here. The simple fact is that the owner of the dealership got what was coming to him and I don't feel sorry for him at all.----.

the point is you stated earlier you DO NOT FEEL SORRY FOR SOMEONE OVEREXTENDING THEMSELVES AND LOSING EVERYTHING, whether it be personal or business and i am stating the fact that our WHOLE COUNTRY AND GOV'T is over extended on credit and the people, yes you and me have to pay back the debt, unless we just say "hey we don't wanna pay anymore". read up on the federal reserve, it's the whole system, not just a homeowner and a guy who lost his career b/c of poor management.

so the moral of the story is you call him a bad businessman. well i call the crooks at the top bad businessmen. if i sank my whole life into something and could possibly loose everything i own for a company i would be pretty pissed. example i worked for a company that had to do some door to door debt collections, and let's just say when i had to shell out more $$ on gas for the company than i was getting paid i jumped ship. just because this guy may not have been selling many cars does not mean he was not making profit. the service dept. and parts is the bread nad butter at a dealer.

one more point, if the taxpayers(dealer owner) bailed out these companies with trillions of dollars then why should the people paying back the debt get screwed. if i were him i would never want to pay taxes again, and after watching company fail after fail some of which were helped i would not want to pay taxes either and if i ever can i will stop doing so.