Chrysler won't repay bail out... but will need another loan
greed and death
07-05-2009, 04:43
http://money.cnn.com/2009/05/05/news/companies/chrysler_loans/?postversion=2009050517
Wow.
what gets me even more is they predict needing another 1.5 billion in government money.
Someone shoot everyone tied in anyways shape or form with that company.
Vault 10
07-05-2009, 04:49
That is NEWS?
I thought it was painfully obvious.
First they made overpriced cars that were crappily built out of trash-recycled plastic and didn't sell.
Then they tried to fix it, so they also started to lose money even on these glorious days when one did sell.
greed and death
07-05-2009, 04:51
i am still upset the government loaned them money to begin with. Where is bush i have a pie for his face?
Wilgrove
07-05-2009, 04:58
I still say we should let some of these companies fail.
Lacadaemon
07-05-2009, 05:01
Did anyone anywhere really think that a single penny of taxpayer money pissed down the various rat holes would ever be repaid?
And Chryco is just a drop in the bucket compared to other moneys already lost.
Twunts.
Holy Paradise
07-05-2009, 05:02
i am still upset the government loaned them money to begin with. Where is bush i have a pie for his face?
If Obama gives Chrysler this loan as well I'll pie him also.
Lacadaemon
07-05-2009, 05:04
I still say we should let some of these companies fail.
No! This is american capitalism. Failure, like boom and bust, has been removed from the system under the wise guidance of Prof. Bernanke.
Wilgrove
07-05-2009, 05:05
If Obama gives Chrysler this loan as well I'll pie him also.
Of course Obama will give them the loan. Why wouldn't he?
greed and death
07-05-2009, 05:06
Did anyone anywhere really think that a single penny of taxpayer money pissed down the various rat holes would ever be repaid?
And Chryco is just a drop in the bucket compared to other moneys already lost.
Twunts.
the government did get a 8% equity share. if Crapcars starts making profit it should take them a few centuries to pay back the government loan.
Holy Paradise
07-05-2009, 05:06
Of course Obama will give them the loan. Why wouldn't he?
What's his favorite flavor of pie, then? I mean, since he's the President, at least I'll give him the respect of pieing him with his favorite flavor.
Lacadaemon
07-05-2009, 05:10
the government did get a 8% equity share. if Crapcars starts making profit it should take them a few centuries to pay back the government loan.
Haha, rally on.
Lacadaemon
07-05-2009, 05:11
What's his favorite flavor of pie, then? I mean, since he's the President, at least I'll give him the respect of pieing him with his favorite flavor.
Pork.
Wilgrove
07-05-2009, 05:11
What's his favorite flavor of pie, then? I mean, since he's the President, at least I'll give him the respect of pieing him with his favorite flavor.
Black Crow?
You-Gi-Owe
07-05-2009, 06:12
I've heard a rumor that once the reorganization goes through, the UAW is going to attempt to sell their stock in Chrisler, to put into their pension fund.
For the union, I have to admit, it's a brilliant money grab. Gives both the company and the tax-payer the shaft.
The South Islands
07-05-2009, 06:17
I heard somewhere that this bailout will backfire, flood the market (needing moar bailout monies) and make it harder for GM and Ford (who aren't godawful incompetent) to recover.
Brilliant move, Gov. Ensure the survival of the weakest car company whilst putting the future of the ones that have a shot at success in jeopardy.
*shakes head*