Friday, May 1, 2009
Chrysler run by the unions....not cool!
Take a look under the covers on this deal....the four main creditors of Chrysler...the bond holders...the people who are suppose to be first in line in bankruptcy are told by Obama take 20-30 cents on the dollar and get behind the Union for payment. Who are these 4 creditors....TARP recipients. So now the Union owns 55% of Chrysler....Fiat 20%...nice deal...no money down for them! All being run by Obama, who has never run a company in his life. One step closer to Socialism.
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