Chrysler Bankruptcy

[drjekyllus]

http://www.bloomberg.com/apps/news?pid=20601087&sid=a97rZxZqE4S8&refer=worldwide

 

[MrDODGE]

Massively bullish news

 

[trendy]

In 2000, GM bought a 20% stake in Fiat for $2.4B. However, those crafty Italians put in the contract that they could force GM to buy the remainder. By the 3rd Q of 2002, GM had written down its stake in Fiat to $220M. In 2005, GM paid Fiat $2B to get out of the deal. Tells you what GM thought of Fiat.

 

[flytiger]

How many times is this? And , when will it happen again?

 

[MrDODGE]

Quote from flytiger:

How many times is this? And , when will it happen again?

It won't happen, Obama will save the company by printing billions... guaranteeing a 200 point rally on the Dow.

 

[trendy]

Quote from MrDODGE:

It won't happen, Obama will save the company by printing billions... guaranteeing a 200 point rally on the Dow.

Anyone catch the irony with his SN?

 

[Kassz007]

Quote from MrDODGE:

It won't happen, Obama will save the company by printing billions... guaranteeing a 200 point rally on the Dow.

Actually it will happen. Possibly even tonight (April 30) at midnight if a deal can't be worked out with the hedge funds that hold alot of debt.

 

[S2007S]

They have to let these companies FAIL, 12pm today there will be news on where Chrysler stands, they want to a quick bankruptcy lasting only 1-2 months, how this is possible is BEYOND anyone's imagination. Its a Fu$king JOKE of a world we live in.

 

[Mvic]

Who wrote the CDS if any on Chrysler debt? AIG again?

http://www.thedeal.com/dealscape/2009/04/debt_revamps_hindered_by_credi.php

http://online.wsj.com/article/SB124109550079373043.html

 

[circadian]

Quote from Mvic:

Who wrote the CDS if any on Chrysler debt? AIG again?

http://www.thedeal.com/dealscape/2009/04/debt_revamps_hindered_by_credi.php

http://online.wsj.com/article/SB124109550079373043.html

Time for AIG to receive another 50 billion from the government, to pay its counterparties with. This is a yard sale.