Fiat to buy full control of Chrysler

bigdogger wrote:
When Chrysler goes under for the third time, will it fall to the Italian government to bail them out, or will the US have to step in again?

So here is a history lesson for you.
1, The UAW or more correctly the employee pension fund was used to keep Chrysler afloat the first time. The only involvement the US Government had was in backing or guaranteeing the pension fund would be repaided.

2, Chrysler nor GMC wanted to go through bankruptcy, that was mandated by three Republicans. The only reason we needed to ask for LOANS was because the Bankers would not refinance our (Chrysler & GM) loans. Ford was able to refinance only after the Ford Family put up eveything they owned.

Give this BS a rest already.

Don