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  1. #11  
    CU's Tallest Midget! PoliCon's Avatar
    Join Date
    Aug 2008
    Pittsburgh PA
    Quote Originally Posted by hazlnut View Post
    Meet the new boss, same as the old boss...

    Power vacuums have unintended consequences. (sometimes)
    So you think citizen legislators would be a bad idea?
    Stand up for what is right, even if you have to stand alone.
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  2. #12  
    Senior Member
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    May 2008
    Quote Originally Posted by PoliCon View Post
    some one else would have come along and filled the gap. No such thing as too big to fail.

    ford had more capital than did the other two - and they have sold off just about everything they can to stay afloat. GM and Chrysler have nothing to sell really. Remember Mercedes bought them and then kicked them out again. It wasn't worth the debt they have. Just think - if we would have just let them fail in the 80s how much less of a problem we would have now.

    When DB and Chrysler "merged" DB bought controlling interest. Be it the bad times yet to come or what ever, Benz, with their controlling interest sucked the liquidity out of Chrysler before the kicked them out. While their selling vs. purchasing price looks like a loser, they basically used them up before they took their "big loss".
    Chrysler was in pretty good financial shape just prior to all of this. I'm not sure what led to the decisions leading up to the merger, but Chrysler came out a hell of a lot worse than they went in.
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