Fiat to buy full control of Chrysler

skyhammer wrote:
We in fact have just bailed out Fiat, Fiat's bond rating is below junk, now called garbage. Fiat has to pay 2/3 of the salary to workers they laid off.
Most of the stock that Fiat just acquired was from the unions, who were given the stock by the Govt.(just like GM), That stock was stolen from American stock holders who played by the rules and got shafted, just like Chryslers bond holders who got shafted like the GM bond holders.
The only ones making out are the unions and Fiat,and that will only be temporary.
Just like GM, Chrysler should have gone through a regular bankruptcy, the rule of law would have been upheld, the Govt. would not have lost money, because they would not have been involved and if the 2 companies were reorganized correctly, they would have emerged stronger. As it stands now, we have just kicked the can down the road, the rule of law has been preempted and the tax payers and the bond holders who believed in the rule of law got shafted.

I love you internet BS artist's. All of Chrysler's stock was converted to Mercedes Bendz stock. No one lost any money on Chrysler stock. Mercedes paid a premium price for the stock.
MM49