Steve S wrote:
America once held the monopoly with vehicle production with their people.
Dodge, Ford, GM, farm tractors etc started to fail because of cheap quality and then you people started getting smart and saw what superb workmanship the Japaneses have been making for years and started buying them.
I've always owned Dodge and Ford, still do for my company trucks but when the Europeans start sending over a tough truck I'm buying a few.
Let's face it USA you people got greedy and now your economy is in the dumps and there's no turning back now and you need others to take over the messes that you've made.
skyhammer wrote:Please show me anywhere Chrysler stock was colapsed? All shares converted to Mercedes. VEBA was created by the Goverment and Mercedes. VEBA shares were sold yesterday. No Chrysler share holders were hurt.MM49 wrote:skyhammer wrote:Like I said check your work. No Chrysler stock existed after the Mercedes buy out. The GM deal was differnt. Check the facts.MM49 wrote: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
What the hell are you talking about, Fiat bought 4.35 billion of Chryslers stock from the UAW yesterday. Fiat bought the Canadian Govt.s shares previously.
The Daimler/Chrysler deal was 15 years ago,I am talking about today.
Stock and bond holders lost billions of dollars. The UAW was given over 41% of Chryslers stock by the Govt. at the tax payers, previous bond and stock holders expense.Just like they did with GM.
I guess you just woke up after a 15 year nap.
MM49
The stock exists, it just is not publicly traded, just as it was when it was privately owned by Crebus(sp).
That is why the UAW threatened Fiat that they were going convert their 40+% in an IPO if Fiat didn't pony up the money.That would have meant that there would be two stocks representing Chrysler, the Fiat stock and whatever the UAW decided to call there part of the company.
The union did what they do best and an intimated Fiat.If the UAW's shares went public, Fiat would then have to buy them on the open market. That would have involved considerable risk and would be expensive.
MM49 wrote:skyhammer wrote:Like I said check your work. No Chrysler stock existed after the Mercedes buy out. The GM deal was differnt. Check the facts.MM49 wrote: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
What the hell are you talking about, Fiat bought 4.35 billion of Chryslers stock from the UAW yesterday. Fiat bought the Canadian Govt.s shares previously.
The Daimler/Chrysler deal was 15 years ago,I am talking about today.
Stock and bond holders lost billions of dollars. The UAW was given over 41% of Chryslers stock by the Govt. at the tax payers, previous bond and stock holders expense.Just like they did with GM.
I guess you just woke up after a 15 year nap.
MM49
skyhammer wrote:Like I said check your work. No Chrysler stock existed after the Mercedes buy out. The GM deal was differnt. Check the facts.MM49 wrote: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
What the hell are you talking about, Fiat bought 4.35 billion of Chryslers stock from the UAW yesterday. Fiat bought the Canadian Govt.s shares previously.
The Daimler/Chrysler deal was 15 years ago,I am talking about today.
Stock and bond holders lost billions of dollars. The UAW was given over 41% of Chryslers stock by the Govt. at the tax payers, previous bond and stock holders expense.Just like they did with GM.
I guess you just woke up after a 15 year nap.
MM49 wrote: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
