8.5 billion dollars of taxpayer money gone

S

SmarterthanYou

rebel
Chrysler will not be paying us back. How many other companies who received billions upon billions of our money will see this and follow suit?

Will Bush, Obama, and the reps and dems in congress take responsibility for their fiscal failures in telling us that these industries were 'too big to fail'?

somehow, i seriously doubt it.

who all here are going to start being the apologists for the shysters in congress?
 
These fuckers and their friends are looting the public coffer with reckless abandon.

They make money for themselves, everyone else gets put on the hook for it.

I'm putting all my money in pitchforks.
 
democrats don't get business,
STY Bush opened the door wide with the bank bailouts/handouts.
Demo's would never have had the balls to bail out detroit/unions.
 
Topspin said:
democrats don't get business,
STY Bush opened the door wide with the bank bailouts/handouts.
Demo's would never have had the balls to bail out detroit/unions.
Click to expand...

well, you'll notice that I included Bush and the republicans as the failures of economic market theory.
 
Watermark said:
Thousands of American jobs, and billions of future tax reciepts and hundreds of billions of future American wages saved.
Click to expand...
Saved? They are going into bankruptcy, just as they would have without the cash to begin with. It's retarded to pretend that anything was saved by throwing good money after bad in this manner. By now the terms of bankruptcy would be known, and the companies would be on a path out of it, contracts would have been renegotiated, and a leaner, more competitive company would have emerged.
 
Damocles said:
Saved? They are going into bankruptcy, just as they would have without the cash to begin with. It's retarded to pretend that anything was saved by throwing good money after bad in this manner. By now the terms of bankruptcy would be known, and the companies would be on a path out of it, contracts would have been renegotiated, and a leaner, more competitive company would have emerged.
Click to expand...


If Chrysler went through the standard bankruptcy process it would have been liquidated, not re-organized.
 
What's going on with Chrysler isn't going to be shit compared to whats already happened with JPMorgan and WaMu.
 
Dungheap said:
If Chrysler went through the standard bankruptcy process it would have been liquidated, not re-organized.
Click to expand...
Yeah, because you are psychic and stuffs...

It could have been one option, just as it can now. All they've proven is they can take billions and make a record shortfall.
 
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