Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: DrC

It is a sub rosa reorginazation pland - Chrysler creates a new company, sells all of it assets to the new company for pannies on the dollar, and leaves all the debt in the old company.

Illegal as H$LL.


229 posted on 06/09/2009 6:07:46 PM PDT by patton (Obama has replaced "Res Publica" with "Quod licet Jovi non licet bovi.")
[ Post Reply | Private Reply | To 222 | View Replies ]


To: patton

>It is a sub rosa reorginazation pland - Chrysler creates a new company, sells all of it assets to the new company for pannies on the dollar, and leaves all the debt in the old company.
>
>Illegal as H$LL.

But it’s ok when the government does it! [/sarc]
(I need to sit down and count the ways this situation is unconstitutional... equal protection under laws is obviously one major area if, as you say, this reorganization is so illegal.)


383 posted on 06/09/2009 10:49:48 PM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
[ Post Reply | Private Reply | To 229 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson