We have all heard in the present news about the bankruptcy of Chrysler, LLC. In this analysis I will try and weed out the gibberish and corporate America’s strong choice of thesaurus words. We all want to know sometimes why things happen, but find ourselves with a headache trying to understand the concept of the Troubled Asset Relief Program, or TARP.
The Supreme Court has put an abrupt hold on the bankruptcy procedure of Chrysler, LLC. This has delayed Fiat’s (Italian automaker) acquisition of Chrysler. The judge overseeing this deal has already granted assets to a new company which Fiat would hold a good portion of the shares. However, this week, Supreme Court Justice Ruth Bader Ginsburg delayed this transaction. “Don’t count your chickens before they hatch.” Apparently the Indiana State Pension Fund and other associated lenders have realized…hey what about our loan money. If this deal were to go through with Chrysler and Fiat, the $49 million loaned to Chrysler will get paid back $0.29 on the dollar. Apparently now days all you have to do is file bankruptcy. You don’t lose your assets, you keep your job, loans get paid back in chicken feed, and you never miss a day of production. Why don’t we all go bankrupt, it looks like a good deal.
There is a lot more to this story and the opinions of other people who we will never remember their name, but I believe I have narrowed down the truth with a little bit of my own influence. In conclusion, if you don’t care about our economical development go borrow $49 million. Then build your company off the hard working people of America. When you have decided your CEO, CFO, and affiliates are retarded financial advisors, return the thanks for everyone who got you where you are, with a big loop hole in today’s justice system. Enjoy the Bahamas Chrysler while we are left to drive a Fiat.
