Comments on: Just Say No To A Chrysler Bailout http://donklephant.com/2008/12/07/just-say-no-to-a-chrysler-bailout/ Big Teeth. Huge Ass. Surprisingly Reasonable. Sun, 22 Nov 2009 10:53:41 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Donklephant » Blog Archive » Of bailouts, boycotts, and buying a Ford. http://donklephant.com/2008/12/07/just-say-no-to-a-chrysler-bailout/comment-page-1/#comment-431354 Donklephant » Blog Archive » Of bailouts, boycotts, and buying a Ford. Sun, 14 Dec 2008 14:01:38 +0000 http://donklephant.com/?p=11774#comment-431354 [...] word): The merits of a “Detroit 3″ bailout has been debated here at Donklephant ad nauseum. Since I have already weighed in, I won’t repeat those arguments here. But there is one point [...] [...] word): The merits of a “Detroit 3″ bailout has been debated here at Donklephant ad nauseum. Since I have already weighed in, I won’t repeat those arguments here. But there is one point [...]

]]> By: BenG http://donklephant.com/2008/12/07/just-say-no-to-a-chrysler-bailout/comment-page-1/#comment-428289 BenG Mon, 08 Dec 2008 01:42:02 +0000 http://donklephant.com/?p=11774#comment-428289 Yea, you're right, Doug. I have been a proponent of the bridge loan for the U.S. Auto Industry b/c I believe in an economy that PRODUCES SOMETHING. Building things one can be proud of, for consumers who can support their local economies with products that enhance their lives, and so on and so forth. I had forgot that Chrysler is no longer a public co, but owned by a P.E.F. and therefore should not be allowed to use public tax payer money to enrich their private owners, regardless of the many workers who may lose their jobs. BTW, extending a line of credit or a collateralize loan to a company to continue its' operations is not a bailout, nor is it nationalizing the Co's such as what was done for the Financial Institutions. The problem is, from what I've heard, that the Auto Industry doesn't have the assets to use as collateral any more. therefore the Fed will not extend the loans. That and the fact that their last name isn't Goldman Sachs ! Yea, you’re right, Doug. I have been a proponent of the bridge loan for the U.S. Auto Industry b/c I believe in an economy that PRODUCES SOMETHING. Building things one can be proud of, for consumers who can support their local economies with products that enhance their lives, and so on and so forth. I had forgot that Chrysler is no longer a public co, but owned by a P.E.F. and therefore should not be allowed to use public tax payer money to enrich their private owners, regardless of the many workers who may lose their jobs.

BTW, extending a line of credit or a collateralize loan to a company to continue its’ operations is not a bailout, nor is it nationalizing the Co’s such as what was done for the Financial Institutions. The problem is, from what I’ve heard, that the Auto Industry doesn’t have the assets to use as collateral any more. therefore the Fed will not extend the loans.

That and the fact that their last name isn’t Goldman Sachs !

]]> By: John Burke http://donklephant.com/2008/12/07/just-say-no-to-a-chrysler-bailout/comment-page-1/#comment-428242 John Burke Sun, 07 Dec 2008 21:19:46 +0000 http://donklephant.com/?p=11774#comment-428242 You've got that right. Chrylser wouldn't stand a chance of a second bailout were it not for the possibility of a GM bankruptcy. You’ve got that right. Chrylser wouldn’t stand a chance of a second bailout were it not for the possibility of a GM bankruptcy.

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