Author Topic: Chrysler files for Bankruptcy (Read 1307 times)

Ganhyun · « **on:** April 30, 2009, 03:52:58 PM »

http://money.cnn.com/2009/04/30/news/companies/chrysler_bankruptcy/index.htm?postversion=2009043009

Quote

he bankruptcy filing, which was made in federal court in New York, comes after some of Chrysler's smaller lenders refused a Treasury Department demand to reduce the amount of money the troubled automaker owed them.

Quote

The president harshly criticized the hedge funds and investment firm creditors that refused to go along with the deal accepted by larger lenders, saying that they had "decided to hold out for the prospect of an unjustified, taxpayer funded bailout."

Why is it unjustified? The government has already wasted 4 Billion dollars bailing them out before. Why shouldn't they expect the government to blink and do it again?

Just a drop in the bucket to what Obama plans to spend, but still, 4 Billion wasted.

Phoenix Dark · « **Reply #1 on:** April 30, 2009, 03:55:39 PM »

obomba strikes again

Eric P · « **Reply #2 on:** April 30, 2009, 03:58:35 PM »

that goddamn fucking asshole

you know he rapes his kids too right?

ShogunOfFear · « **Reply #3 on:** April 30, 2009, 04:01:41 PM »

B b b but I thought the government could manage it all better and save them with a bailout.

They should have filed for bankruptcy from the beginning, never should have gotten any money.

Himu · « **Reply #4 on:** April 30, 2009, 04:01:45 PM »

lol

good riddance

Phoenix Dark · « **Reply #5 on:** April 30, 2009, 04:02:04 PM »

Ganhyun · « **Reply #6 on:** April 30, 2009, 04:02:52 PM »

Quote from: ShogunOfFear on April 30, 2009, 04:01:41 PM

B b b but I thought the government could manage it all better and save them with a bailout.

They should have filed for bankruptcy from the beginning, never should have gotten any money.

lol, careful man, you'll get pidgeon-holed.

Edit: But of course you know, we HAD to bail them out after all. Too big to fail and all that jazz.

ferrarimanf355 · « **Reply #7 on:** April 30, 2009, 04:04:04 PM »

My dad better dump his Grand Cherokee quick before the parts service dries up... :'(

Van Cruncheon · « **Reply #8 on:** April 30, 2009, 04:04:33 PM »

GETTELFINGER MOTORS AM I RITE

Flannel Boy · « **Reply #9 on:** April 30, 2009, 04:05:22 PM »

Obama, in order to help pay down America's debts, is selling one of his daughters to jinfash.

Bocsius · « **Reply #10 on:** April 30, 2009, 04:08:36 PM »

Quote from: Ganhyun on April 30, 2009, 03:52:58 PM

but still, 4 Billion wasted.

4 billion dollars that kept them afloat prior to bankruptcy, more to keep them afloat during bankruptcy, with the hope that a healthy company that employs tens of thousands of Americans will emerge on the other side.

Yep, all wasted.

Mandark · « **Reply #11 on:** April 30, 2009, 04:08:51 PM »

Instead of reading Ganhyun's posts, I'm going to watch the old badger video.

In my mind I'll substitute "ACORN" for "badger" and "union" for "mushroom".

AdmiralViscen · « **Reply #12 on:** April 30, 2009, 04:09:44 PM »

How was it wasted? This is a 30-60 day prepackaged bankruptcy with an exit plan.

I wonder how all these people would feel if Chrysler had filed for Chapter 7 instead of geting the loans they needed to achieve a deal with Fiat, and then the government was on the hook for hundreds of thousands of newly unemployed people and paying out pension benefits for them to boot. That'd be a real cash saver.

Eric P · « **Reply #13 on:** April 30, 2009, 04:11:01 PM »

WASTED!

Eric P · « **Reply #14 on:** April 30, 2009, 04:13:24 PM »

how could white america let this happen?

are there no champions willing to stand up to this tyrant?

Herr Mafflard · « **Reply #15 on:** April 30, 2009, 04:14:46 PM »

Eric P · « **Reply #16 on:** April 30, 2009, 04:14:57 PM »

my god

my god

will none of our messageboard heroes stand up for america?

Phoenix Dark · « **Reply #17 on:** April 30, 2009, 04:15:30 PM »

white people won't revolt unless Obama bans American Idol

Eric P · « **Reply #18 on:** April 30, 2009, 04:16:05 PM »

were are our insurgents?

our partisans?

wolverines!

Herr Mafflard · « **Reply #19 on:** April 30, 2009, 04:16:50 PM »

Quote from: Phoenix Dark on April 30, 2009, 04:15:30 PM

white people won't revolt unless Obama bans American Idol

.

Tauntaun · « **Reply #20 on:** April 30, 2009, 04:20:12 PM »

Quote from: Eric P on April 30, 2009, 04:16:05 PM

were are our insurgents?

our partisans?

wolverines!

Napoleon killed those. :'(

ShogunOfFear · « **Reply #21 on:** April 30, 2009, 04:34:23 PM »

Those fecking bailouts.

The money we could have been saving with Geico.

HyperZoneWasAwesome · « **Reply #22 on:** April 30, 2009, 04:57:40 PM »

Quote from: Genghis Cohen on April 30, 2009, 04:03:49 PM

UAW benefits, Republicans crying bitter, bitter tears

How exactly? Me am Alaskan, me am stupid.

ferrarimanf355 · « **Reply #23 on:** April 30, 2009, 11:41:08 PM »

Quote from: HyperZoneWasAwesome on April 30, 2009, 04:57:40 PM

Quote from: Genghis Cohen on April 30, 2009, 04:03:49 PM
UAW benefits, Republicans crying bitter, bitter tears
How exactly? Me am Alaskan, me am stupid.

Brehvolution · « **Reply #24 on:** May 01, 2009, 12:32:39 AM »

Dat ass is appropriate for the guy above Obama. Make it happen PS wizards!

Madrun Badrun · « **Reply #25 on:** May 01, 2009, 12:34:04 AM »

It looks like he's trying to look around it actually.

Yeti · « **Reply #26 on:** May 02, 2009, 01:21:04 AM »

News:

Author Topic: Chrysler files for Bankruptcy (Read 1307 times)