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Posted by mannyc on Saturday, November 29, 2008 at 12:08:15 :
In Reply to: Norm I knew the first 25 Billion was not a loan... posted by Eric B. on Saturday, November 29, 2008 at 09:50:50 :
why cant the chrysler group get outside funding if their plans are as you say? clearly with the changes in place an outside investor could provide funding and name their terms. the fact that no one (warren buffet, etc) is willing to buy, shows clearly that the us union auto production model is broken. the govt becomes the lender of last resort and they use my money to do it. i chose not to buy auto stocks in my personal portfolio - but my government is going to take my money to do so. just like the airlines - they go bust and the govt uses my money to cover the pensions of pilots who made 100s of thousands a year and struck every time they did not get what they wanted. where do i get online???