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Canuck57[_6_] Canuck57[_6_] is offline
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First recorded activity by BoatBanter: Dec 2008
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Default Bridge loan to nowhere..


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On Sat, 06 Dec 2008 07:14:20 -0500, Tom Francis - SWSports wrote:

http://online.wsj.com/article/SB1228...28184421.html?

mod=rss_opinion_main

Bankrupt them, downsize them, get rid of the onerous contracts and merge
Chrysler with Ford.

No bail out.


Personally, I can't see Chrysler surviving. Ford, yes, and a much
smaller and different GM.


Agreed. Cerberus had this in mind for Chrysler all along. Buy Chrysler,
strip out some good parts, cash and package a turkey for the market. They
have been desperate to unload this turkey for awhile now.

Surprises some senator or congress person does not bring this up. Or maybe
they have some private equity in Cerberus. LOL. There was a board member
they had a few years back, everything he sat on turned to trash including
NorTel. Needles to say I didn't buy in.