jazzme

Chrysler's Bankruptcy: Historic Changes for Markets?

The action taken by Obama's group has ensured that the Federal Govenment will be either insuring corporate bonds henceforth or acually doing the lending as they seem to be the only entity that is risk adverse enough from this point forward. Saving a public or private company by bad mouthing private capital (secured debttors)is surely the best way to run off private capital. I am a Obama supporter but this is a huge mistake..a blunder of immense proportions. In essence he said yesterday that FIAT will be the answer to compete with the likes of Toyota, BMW,VW and Daimler Benz. I have 37 years in the retain car biz. I wouldn't put one plug nickel into any new franchise that may (or not) come out of this. It take millions to be a dealer today..the admin obviously has ignored just who might sell any new product. Let alone who may buy one..from FIAT !