Comments on: Shotgun Wedding:… Court Docs Reveal Govt. Likely Forced Chrysler Deal With Minimal Knowledge Of Fiat http://patdollard.com/2009/06/shotgun-wedding-court-docs-reveal-govt-likely-forced-chrysler-deal-with-minimal-knowledge-of-fiat/ The War Starts Here Mon, 23 Apr 2012 14:16:14 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Fred http://patdollard.com/2009/06/shotgun-wedding-court-docs-reveal-govt-likely-forced-chrysler-deal-with-minimal-knowledge-of-fiat/#comment-467495 Fred Sun, 07 Jun 2009 14:55:41 +0000 http://patdollard.com/?p=77604#comment-467495 This is another reason why the government should not own private businesses or entire industries: they don't do their due diligence. As a professional investor (which I am; I do equities research)it is my job to look under the hood and check all the systems. First of all, the government people involved in these very complex deals are lawyers, not financial analysts. My experience with lawyers is that many are not trained in finance, economics, operations management, etc. They understand contracts and legal language. They don't understand how capitalism works or how companies work. Bottom Line: Having the government make these kinds of decisions is a recipe for Huge Fuck Ups. This is another reason why the government should not own private businesses or entire industries: they don’t do their due diligence.

As a professional investor (which I am; I do equities research)it is my job to look under the hood and check all the systems. First of all, the government people involved in these very complex deals are lawyers, not financial analysts. My experience with lawyers is that many are not trained in finance, economics, operations management, etc. They understand contracts and legal language. They don’t understand how capitalism works or how companies work.

Bottom Line: Having the government make these kinds of decisions is a recipe for Huge Fuck Ups.

]]> By: TerryTate http://patdollard.com/2009/06/shotgun-wedding-court-docs-reveal-govt-likely-forced-chrysler-deal-with-minimal-knowledge-of-fiat/#comment-467398 TerryTate Sun, 07 Jun 2009 09:37:53 +0000 http://patdollard.com/?p=77604#comment-467398 :arrow: A creditor bid for Supreme Court intervention would likely go first to Justice Ruth Bader Ginsburg, who handles emergency matters from the New York-based federal appeals court that ruled yesterday. She could act on her own or refer the request to the full nine-member court. =============================================================== Ginsberg? You've got to be shitting me. Ginsberg? Well, good by Chrysler. Good luck with that appeal. I'm sure Ginsberg will be thinking about the country rather than her usual old Democrat party hack routine.... :roll: :arrow: A creditor bid for Supreme Court intervention would likely go first to Justice Ruth Bader Ginsburg, who handles emergency matters from the New York-based federal appeals court that ruled yesterday. She could act on her own or refer the request to the full nine-member court.
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Ginsberg? You’ve got to be shitting me. Ginsberg?

Well, good by Chrysler. Good luck with that appeal.

I’m sure Ginsberg will be thinking about the country rather than her usual old Democrat party hack routine….

:roll:

]]> By: GRIZZ http://patdollard.com/2009/06/shotgun-wedding-court-docs-reveal-govt-likely-forced-chrysler-deal-with-minimal-knowledge-of-fiat/#comment-467335 GRIZZ Sun, 07 Jun 2009 05:31:45 +0000 http://patdollard.com/?p=77604#comment-467335 Scam.I give these assholes one year before they tell the union fucks that their pension money is gone.One year.ovomit just pissed down your back and told you its just raining. Scam.I give these assholes one year before they tell the union fucks that their pension money is gone.One year.ovomit just pissed down your back and told you its just raining.

]]> By: GRIZZ http://patdollard.com/2009/06/shotgun-wedding-court-docs-reveal-govt-likely-forced-chrysler-deal-with-minimal-knowledge-of-fiat/#comment-467333 GRIZZ Sun, 07 Jun 2009 05:27:26 +0000 http://patdollard.com/?p=77604#comment-467333 FIAT-Fix It Again Tony. FIAT-Fix It Again Tony.

]]> By: mike3481 http://patdollard.com/2009/06/shotgun-wedding-court-docs-reveal-govt-likely-forced-chrysler-deal-with-minimal-knowledge-of-fiat/#comment-467229 mike3481 Sun, 07 Jun 2009 01:00:09 +0000 http://patdollard.com/?p=77604#comment-467229 "...They argue that the case has trampled on established bankruptcy law." No Shit Sherlock. "...including the appearance that 'Treasury/Chrysler was “in bed with a shady partner." So Fiat's in bed with the Italian Mob? "... Fiat is putting in no cash." :shock: :shock: :shock: :shock: :shock: "Additionally, Fiat’s “off-balance-sheet investments” seem to have a whiff of Enron-like potential." WHAT THE FUCK? :shock: :shock: :shock: :shock: :shock: :shock: “…They argue that the case has trampled on established bankruptcy law.”

No Shit Sherlock.

“…including the appearance that ‘Treasury/Chrysler was “in bed with a shady partner.”

So Fiat’s in bed with the Italian Mob?

“… Fiat is putting in no cash.”

:shock: :shock: :shock: :shock: :shock:

“Additionally, Fiat’s “off-balance-sheet investments” seem to have a whiff of Enron-like potential.”

WHAT THE FUCK?
:shock: :shock: :shock: :shock: :shock: :shock:

]]> By: ssgduke53 http://patdollard.com/2009/06/shotgun-wedding-court-docs-reveal-govt-likely-forced-chrysler-deal-with-minimal-knowledge-of-fiat/#comment-467219 ssgduke53 Sun, 07 Jun 2009 00:16:53 +0000 http://patdollard.com/?p=77604#comment-467219 Our own government have just sign the Death Nil to Chrysler by merging with one of the worst auto companies in Europe?!! Fiat is the worst auto company since the Yugo! The last time their was a Fiat dealership in S. California was over 25 years ago!!! I guess our own government don't want anything to be made in America anymore!!!! Welcome to the People Socialist Republic of UnUnited States Comrade!!! Our own government have just sign the Death Nil to Chrysler by merging with one of the worst auto companies in Europe?!! Fiat is the worst auto company since the Yugo! The last time their was a Fiat dealership in S. California was over 25 years ago!!! I guess our own government don’t want anything to be made in America anymore!!!! Welcome to the People Socialist Republic of UnUnited States Comrade!!!

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