The bankruptcy judge has ruled against the senior debtors. Look for a quick turnaround and the empty hull of Chrysler to start churning out Fiat products in the next two years (with our tax dollars limping them along in the foreseeable future).
So who wants to loan money to a corporation that may be 'nationalized' now?
I'm still of the opinion that this company will not be profitable in my lifetime. But we're practically giving it away to Fiat. Frankly disgusting.
Wednesday, May 6, 2009
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