Yesterday Chrysler filed for Chapter 11.I could have sworn the politicians and financial experts said the world was going to end if the car makers went under. Todays seems pretty normal to me.
The US and Canadian governments are complete buffoons. It's bad enough they shoveled billions of dollars of tax payer money into a company they knew was going to go t*ts up. They now want to bring 10 billion more dollars to the table and take only a 2 percent stake. I'm not a bright guy when it comes to finance but, if I came to a party with all the money I think I get to call more than 2% of the shots.
Just give me a free Fiat and I'll consider my portion of the debt repaid.
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