Guest NewsBot Posted April 30, 2009 Posted April 30, 2009 WASHINGTON (AP) -- President Barack Obama announced Thursday that Chrysler would head into bankruptcy with the aid of up to another $8 billion in taxpayer money, a last-resort attempt to quickly restructure the struggling giant. He blasted hedge-fund creditors whom he said held out for a richer deal.... By BEN FELLER More... Quote
RoyalOrleans Posted May 1, 2009 Posted May 1, 2009 All that money the American people have invested in Chrysler was wasted. What a surprise? Quote To be the Man, you've got to beat the Man. - Ric Flair Everybody knows I'm known for dropping science.
RegisteredAndEducated Posted May 1, 2009 Posted May 1, 2009 this is so dumb... let capitalism work... Quote Intelligent people think... how ignorance must be bliss.... idiots have it so easy, it's not fair... to have to think... WHAT IT WOULD BE LIKE TO BE AMONG THOSE FORTUNATE MASSES..... Hey, "Non-believers" I've just got one thing to say to ya... If you're right, then what difference does it make, it wont matter when we're dead anyway... But if I'm right... Well, hey... Ya better be right...
RoyalOrleans Posted May 1, 2009 Posted May 1, 2009 Say... whatever happened to Enron? They called the Bush administration, seeking a bailout, and they said "No.". Later, they were bankrupted, and everything got into the press. The free market dumped them faster than any SEC regulator or TARP bailout could. Many people lost, but that was only those who had invested EVERYTHING in an Enron stock fund. Personally, I lost like three grand. Ehh... small potatoes. And the benefit? A bad company using wicked practices died properly, and we aren't still pumping it with life saving bailout money, nor talking about Obama "taking over" or "firing the CEO" of Enron. THAT is how bad companies are dealt with! Let capitalism take its course! Quote To be the Man, you've got to beat the Man. - Ric Flair Everybody knows I'm known for dropping science.
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