To: The Cajun
While I don’t like the Chrysler bailout either, Chrysler was less at fault for what happened to it. The FTC should never have approved the Mercedes ‘merger’ - Mercedes later admitted they lied about most everything and got away with it. Mercedes went on to rape Chrysler.
It wasn’t bad US executives making poor decisions that screwed Chrysler. And since the FTC was dumb enough to approve the merger, the government is partially at fault for what happened...
65 posted on
10/01/2011 12:39:30 AM PDT by
Spktyr
(Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
To: Spktyr
I'm starting to soften my attitude towards Chrysler myself. GM had a choice (normal Chapter 11) and chose to go with Obama’s bailouts of the UAW and screw the bond holders, but Chrysler was at the mercy of those in charge, and we know who that was.
81 posted on
10/01/2011 6:03:27 AM PDT by
TwelveOfTwenty
(Compassionate Conservatism? Promoting self reliance is compassionate. Promoting dependency is not.)
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