(no subject)

[somedaybitch]

some Democrats are questioning the proposed closures of profitable Chrysler dealerships.

at least someone's paying attention.

and the WSJ breaks a story about court documents revealing that the Chrysler/Fiat merger looks like it was forced by the government.

the link goes to a Newsbusters.org report on the WSJ story, as the WSJ article requires registration. for those that have the subscription, or don't mind subscribing, Newsbusters does include a link to the WSJ story.

i am no small amount of appalled that government lawyers have labelled as "a terrorist" - no, i am not joking - one of the lawyers fighting the bankruptcy.

"..... The emails, which run from mid-March until early May, were put into the court record following a request by Mr. Lauria, the lawyer fighting the bankruptcy on behalf of various Indiana pension and investment funds that hold Chrysler bank debt. They argue that the case has trampled on established bankruptcy law.

..... Chrysler's advisers told the company their Italian counterparts were refusing to provide sufficient financial information to evaluate the deal. A team sent to Fiat headquarters in Turin, Italy, reported back on March 14 that "no financial due diligence ... has or can be performed."

niiiiiiiiiice.



emphasis mine.

Comments

[arthurfrdent.livejournal.com]

what, suddenly people are worrying that we should keep profitable dealerships? :massive eyeroll:

[somedaybitch.livejournal.com]

right? let's not talk about shutting down profitable dealerships in an economy where the unemployment rate is a hair above 9% and expected to rise. let's just lop those jobs off, too...you know, like a present for doing your job right. fucking morons.