Originally posted by: Skoorb
Originally posted by: boomerang
Originally posted by: CPA
So, if Chrysler goes under in March, what happens to me leased car due back in April?
It's owned by the leaseholder. I would most certainly think they're going to want it.
Why, who wants a chrysler? :0
Really, though, the tax payer if it's going to hold these pensions, isn't that what it's doing throwing money at these rotten behemoths? We need to just bite the bullet and pay them if we're legally compelled to. No point in putting it off. With the rate these stinkers are burning through cash $50B will be flushed down the damn toilet in a couple of years anyway and we're still looking at companies that haven't turned a profit since the discovery the earth was round.
Worst case scenario, 100% of U.S. operations shutdown, also effecting suppliers, etc. It would mean 2.5 million jobs, and 60 billion in annual tax revenue lost.
And worse case scenario with me driving home in the rain is I spin out of control knocking a school bus off a cliff and 50 kid die so I shouldn't drive home in the rain, but realistically that won't happen. If there is anything good from these rotten apples, other companies will buy that up. Maybe the $25-50B should be just used as a graceful shut down to aid their bankruptcy and fashion the business components into sections that are purchaseable by better companies.
t's all a moot point anyway, because Obama has committed to do what is necessary to keep them alive.
This is another one of those topics that is never going to go away here. Let the whiners here keep whining.
Well, we know where you stand. No cost is too much to prop these carcuses up and, like Weekend at Bernie's, pretend they are something other than dead.