Michael Terry

Chrysler: A Sub Rosa by Any Other Name

I completely agree. It is better to get hurt on one investment to preserve all the rest. We are a creditor nation, and without creditor rights and the rule of law we become Argentina (or Venezuela). Who lends to them? With US government debt needs and corporate debt needs, we must establish that we are a safe place to invest. China gave us a shot across the bow, the next one is through it.


On Jun 09 07:45 AM Dave Wrixon wrote:

> Frankly, there at stake for the US if this is pushed through illegally
> than if GM were allowed to simply fail. If this sale goes through
> without due process than all US Corporate Bonds are effectively junk.
> How do you raise the finance to make the investment necessary to
> turn the economy around on that basis, unless Obama intends to nationalize
> everything and finance it all through the issue of Treasury Bonds?
>
>
> At some point, somebody is going to have to bite the bullet, rather
> than just proceeding to the next expedient thing. Perhaps somebody
> will consider that the rule of law is just to big a sacrifice to
> make to save a couple of lame duck car assemblers.

Supreme Court Stays Chrysler Deal

But why would FIAT walk? When you are being given a gift, sometimes you have to wait a little while longer. The ice cube isnt melting and FIAT has no skin in the game.