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Auto company SECRET

Discussion in 'Political Discussion' started by NEPatriot, Dec 12, 2008.

  1. NEPatriot

    NEPatriot Banned

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    Take a look at these information

    Last edited: Dec 12, 2008
  2. NEPatriot

    NEPatriot Banned

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    Re: Auto bailed out SECRET

    Cerberus Takes Over Majority Interest In Chrysler Group and Related Financial Services Business for $7.4 Billion From DaimlerChrysler

    Shooting Wire

  3. PatriotsReign

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    Re: Auto bailed out SECRET

    Interesting info NEPatriot...but when you posted all this, what is the point you're trying to make?
  4. NEPatriot

    NEPatriot Banned

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    Re: Auto bailed out SECRET

    It's very simple. It has nothing to do with selling / making cars. Because auto company is tighted with a 'financial' institution, it goes down when this institution goes down.

    It's 'domino effect'. You knock 1 pieace down and the rest falls down.

    http://en.wikipedia.org/wiki/Aozora_Bank

    Last edited: Dec 12, 2008
  5. PatriotsReign

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    Re: Auto bailed out SECRET

    That's not the way it works. each business unit owned by a "holding" company operates independently. Cerberus will not go down if Chrysler fails. They are super diversified across several industries.

    If Chrysler went bankrupt, no one can go after Cerberus for money owed to them. They can only go after Chrysler. That same theory applies to all the business units owned by Cerberus.

    If you owned 20 companies and one of them (company XYZ) went bankrupt and that company owed millions to suppliers, employees, etc., none of them could go after you to get that money. They could only go after company XYZ.
  6. NEPatriot

    NEPatriot Banned

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    Re: Auto bailed out SECRET

    Why does Chrysler beg for money if its parent company is doing 'well' and 'helping' Chrysler?

    They will beg Obama for more next year.
    Last edited: Dec 12, 2008
  7. PatriotsReign

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    Re: Auto bailed out SECRET

    Because Chrysler is foreced by law to operate as an independent company. Cerberus can not take money and infuse it into Chrysler. It's all about book keeping corp. law.

    The only way Chrysler can get loans is through a bank or the beg the federal gov't. Cerberus can't "loan" Chrysler money.
  8. Lifer

    Lifer Banned

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    Re: Auto bailed out SECRET


    What if Cerberus makes a cash "gift" to the Governor of Illinois, and he, in exchange for sending that money along to Chrysler, appoints the head of Cerberus, or someone of Cerberus' choice, Senator!
    This way Chrysler stays afloat and Dan Quayle can return to the Senate!!!!

    Sometime I amaze myself with my genius! :D;):eek:
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