Change we can beleive in

[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.