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Smart Shopper Got a Quick Question for a Car Dealer?
2394 messages, Last post on Nov 03, 2009 at 11:03 AM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: Mr_Shiftright (Apr 23, 2009 7:13 am) Let's have a hand for the Waco Kid....
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Replying to: fezo (Apr 23, 2009 11:46 am) |
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| Looks like we will find out soon ---The Times is reporting that the Obama administration will file to put Chrylser into bankruptcy next week. | |
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Replying to: golic (Apr 23, 2009 12:50 pm) |
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Replying to: golic (Apr 23, 2009 12:50 pm) I don't understand why that is the President's decision to make.  tidester, host SUVs and Smart Shopper
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Replying to: tidester (Apr 23, 2009 3:21 pm)
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Replying to: tidester (Apr 23, 2009 3:21 pm) My guess is with the money lent by the US Government came with the stipulation that allowed the US to force it into BK if certain covenants were not adhered to or met.
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Replying to: sabre52270 (Apr 22, 2009 6:23 am) |
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Replying to: golic (Apr 24, 2009 4:08 am) |
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Replying to: Mr_Shiftright (Apr 23, 2009 4:32 pm) Remember originally the government said they had till April 30 to get the additional bailout money, not declare bankruptcy. So, something must have happened along the way. Also, the governement has asked GM and Chrsyler to prepare to file for bankruptcy, not actually file. This is to help things un-wind and happen quickly, if bankruptcy is what has to happen. Lastly, all of these parties, including the analysts making predictions, are using the press as a way to gain leverage, so until it happens, its all just noise. In the end, its about those of us who are still interested in the cars, and those poeple that depend on that industry. Capitalism without failure, is religion without sin. |
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