Comments on: Chrysler’s fate now left up to court of appeals

By: slider5634

slider5634 — Mon, 08 Jun 2009 00:25:41 +0000

“Can’t we let Chrysler die and just have Fiat sell there stuff over here, without the stupid Dodge badge on the front? Fiat should be smart enough to know that won’t help them one bit.”

Not the point. The point of the sale to Fiat was so they could start selling Fiat’s here without having to build a dealer network of their own and risk failure.

By: sprockkets

sprockkets — Fri, 05 Jun 2009 22:26:50 +0000

Can’t we let Chrysler die and just have Fiat sell there stuff over here, without the stupid Dodge badge on the front? Fiat should be smart enough to know that won’t help them one bit.

By: rpiotr01

rpiotr01 — Fri, 05 Jun 2009 20:27:23 +0000

At a certain point it just looks vindictive. They’re not getting their original 48 cents on the dollar back. They’re screwed either way. They’re just trying to sink the ship for the hell of it.

If they win the appeal or lose and appeal to the Supreme Court, Chrysler and GM are liquidated. There would be no reason for any creditor to make a deal, they’ll continue the same process and get what they can through the asset fire sale.

By: slider5634

slider5634 — Fri, 05 Jun 2009 19:37:48 +0000

@myself

and honestly, I’d like to see this deal gho through if for nothing other than to get a good look at a new Fiat.

By: slider5634

slider5634 — Fri, 05 Jun 2009 19:35:41 +0000

“risk being the target of even more public hatred for trying to impede the process that Obama has laid out. I believe we can throw the “checks and balances” rule of Govt. out the window where this whole economic mess is concerned. The sooner it is done and over with, right or wrong, good or bad, the sooner we can actually try to rebuild our economy. People are going to get hurt… toes are going to get stepped on… trampled over even… but every single one of those investors could have taken actions years ago to prevent this.”

Word. This is a damned if you do, damned if you don’t sort of situation. This sounds like a big case of “If we’re getting screwed on this deal, we’re going to try to screw you right back.” Regardless of what happens, they aren’t going to get all of their money back.

By: Borat

Borat — Fri, 05 Jun 2009 14:53:03 +0000

Lionwithoutpride is more competent about judicial system then I ever will be, and I would love to read his comment on this. But whoever gets on Supreme Court will act responsibly. There are 9 judges and regardless of what your pedigree is you have to publish something reasonably good. Otherwise 8 others will be embarrassed to associate with you and court will be pushed in opposite direction of desired. Obama and hopefully Sotomayor will understand this and will preserve sanity of high court.

By: RaineMan

RaineMan — Fri, 05 Jun 2009 14:42:44 +0000

I don’t know if the Supreme Court would even take the case… risk being the target of even more public hatred for trying to impede the process that Obama has laid out. I believe we can throw the “checks and balances” rule of Govt. out the window where this whole economic mess is concerned. The sooner it is done and over with, right or wrong, good or bad, the sooner we can actually try to rebuild our economy. People are going to get hurt… toes are going to get stepped on… trampled over even… but every single one of those investors could have taken actions years ago to prevent this. Ford may not be in superb shape… but at least they made decisions that have kept their head above water thus far. If they did it, Chrysler and GM could have as well.

By: johnnycanuck

johnnycanuck — Fri, 05 Jun 2009 14:41:36 +0000

This is worse than oral sex with a chick who never quite gets there. It was supposed to be a lick and a promise but to hell with the lick it’s time to light up.

By: Payton Byrd

Payton Byrd — Fri, 05 Jun 2009 14:05:13 +0000

Borat is correct. Fortunately, Bush got some intelligent judges on the Supreme Court and I can see this going all the way. And I’m sure Chief Justice Roberts is chomping at the bit to give Obama his first reality check.

By: Borat

Borat — Fri, 05 Jun 2009 13:30:50 +0000

It is screwed investors who are appealing. It happens that investors in Cerberus are pension funds of not UAW unions. They are taken for a ride. The irony is that UAW is a$$ f*cking other unions. Those who are screwed are screwed really bad – we are talking pensions, health benefits, widows and orphans….

By: RaineMan

RaineMan — Fri, 05 Jun 2009 13:28:48 +0000

They won’t gain anything by fighting. Obama has already said that he wants this to happen… so it will happen, period, end of discussion.

By: Go Saab

Go Saab — Fri, 05 Jun 2009 13:03:13 +0000

Yeah, why not appeal all the way and lose all the jobs. Great thinking.