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  • Today's Other Bailout: $25B for Auto Makers [View article]
    This is ridiculous, particularly the money for Chrysler. Cerberus knew what it was getting into when it bought them. Not to mention the fact that Daimler AG still owns about 20% of the equity, so we're subsidizing a major German company, as well.

    It's really a stretch to call Chrysler part of the "Big 3" any more, any way. In reality, it's behind not only Ford and GM, but also Honda, Toyota, Nissan, Hyundai, VW, and maybe some others as well.

    Why not let one or two of the Big 3 go under so the remaining one or two have a shot at surviving in the long-run?
    Sep 28 18:38 pm |Rating: 0 0
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