Under the Treasury Department-led reorganization, the UAW would get 55% of the equity in a reorganized Chrysler to cover money it is owed for retiree health care costs. Fiat would get a stake of up to 35% as part of an alliance to bring its vehicles to the U.S. market. The U.S. and Canadian governments would get a 10% stake in return for loans that would not be repaid.
They still have to honour their pensions & all that bullshit? Of course that's going to be massive. Perpetuating bloat does that sort of shyte to costs.
Diogenes of Sinope: "It is not that I am mad, it is only that my head is different from yours."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
Great, the best way to fix the problem is to put the leaders of the gangs that caused most of the bloat to begin with in charge of the whole thing. Wonderful idea!
"ATTENTION: Customers browsing porn must hold magazines with both hands at all times!"
So, how big does a biz've to get before it can apply for gov't-sanctioned immortality?
Diogenes of Sinope: "It is not that I am mad, it is only that my head is different from yours."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
GORDON wrote:Got to find the "too big to allow to fail" threshold. Or have a really good lobbyist?
I just want a hard number on it so I know when I can officially stop trying & say, "Fuck you, it doesn't matter anymore," to all my employees & shareholders.
Diogenes of Sinope: "It is not that I am mad, it is only that my head is different from yours."
Arnold Judas Rimmer, BSC, SSC: "Better dead than smeg."
