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Thursday, December 31 2009  |  12:17 EDT  | 
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Market Currents

Thursday, April 30, 2009
12:26 PM TweetThis
  • Pres. Obama announces Chrysler Chapter 11 filing, in tandem with a Fiat alliance. GMAC agrees to finance new Chrysler sales. Warranties are safe. Gov't to provide ~$8B to help the process. Meanwhile the holdouts, demonized by Obama, speak out.
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This news story has 3 comments:

  •  
    Why exactly is Obama the one announcing this. Isn't it up to the company to announce its own bankruptcy.

    The government involvement in what used to be private enterprise is really starting to terrify me.
    Apr 30 12:43 PM | Link | Reply
  •  
    Obama wants to be liked again. Obama is the master publicity hound.
    Apr 30 01:31 PM | Link | Reply
  •  
    It's so telling that Obama berates the funds for not taking losses, while he bails out Goldman Sachs 100 cents on the dollar through AIG. That's not to mention the generous helping of bailout money they received directly.

    Goldman, evidently, are not required to make any sacrifices. We, the taxpayers are the ones who make sacrifices for them.
    Apr 30 06:17 PM | Link | Reply
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