American Flag Project

HOME

Danz Family Forums

Links Sounds
Portal Pictures
Palm Videos
People Private
Interesting Site Map
Texts Contact

* Firearms * Tulsa Weather

November 2009
Sun Mon Tue Wed Thu Fri Sat
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30          

Random Family Photo


www.flickr.com
This is a Flickr badge showing public photos from dondanz. Make your own badge here.



Random Photo of Chief Illiniwek (Read why this is here)

Most Recent Comments

Brenda Saldivar: It's been 5 yrs already and guess what we still rmember all those good times in Hawaii. We still tel... [view]

Pam: Hi! The WTC Cross photo. Is it in the public domain? I'd like to use it. Thanks so much for your... [view]

Nan: Wow! I'm a Christian and I'm not judging at all. I'm really surprised by some of the comments. Th... [view]

David Stincelli: I am sure there are some Muslims that are honest to goodness nice people that are sticken by the vio... [view]

Sarah: " These replies are hilarious. Christians: If you want to wear them, go ahead. If that is what you... [view]

Most Commented Posts

Modest Swimwear (362 Comments)
FedEx Sucks! (209 Comments)
Rick Monday Saves the American Flag (122 Comments)
Sgt. Rafael Peralta - New Photos (101 Comments)
BOAC Junior Jet Club (41 Comments)
HERO: Sgt. Rafael Peralta (34 Comments)
Rosemary Kennedy Dies (34 Comments)
Tulsa Zoo: Battle Over Religious Displays (32 Comments)
Autumn Blaze Maple (20 Comments)
Reagan & Khomeini Funerals (20 Comments)
(searches blog only)

Google

(searches entire site)
• 752 entries
• 2178 comments
• 70 trackbacks
• 11.18.09 03:00pm last update

Latest Entry:
November 6, 2009 @ 11:01 PM
Latest Comment:
November 16, 2009 @ 9:56 AM

Blog Life:

Alexa Details

Blogger Profile

TTLB Ecosystem Details

TypeKey Profile

Who Links To Me

eXTReMe Tracker
Original Design:
Julie Zidel

Upgrade and Improvement:
Dan Wolfgang, uiNNOVATIONS


Powered by MovableType

Image from iStockPhoto:
iStockPhoto

Web Hosting with TotalChoice:
TotalChoice Hosting

Syndicate this site:
XML: RSS 1.0
XML: RSS 2.0
XML: Atom 0.3
XML: RSD 1.0
Add to Google More about Google Reader
Subscribe with FeedBurner More about FeedBurner
Subscribe with Bloglines More about Bloglines
Subscribe with myFeedster More about Feedster
Add Danz Family to your Kinja digest More about Kinja
Subscribe in Pluck RSS reader More about Pluck
Subscribe in NewsGator Online More about NewsGator
Add to My MSM More about MSN syndicated content
Alert me to update via MSN Messenger, Mobile or Hotmail More about MSN alerts
Add to My Yahoo! More about adding to myYahoo!
Subscribe in Rojo More about subscribing in Rojo
Add your feed to Newsburst More about Newsburst from CNET News.com

Weather:



Jun 11 2009

Chrysler Given to the Unions and Fiat

261-chrysler-logo.png

As the result of Chrysler's restructuring plan which the Obama administration crammed down the throat of investors, the automaker's secured debt holders, which were owed $6.9 billion, will receive $2 billion in cash, or about 29 cents on the dollar and 0% ownership in the reorganized Chrysler.

While the unsecured UAW (United Auto Workers) retiree health care trust fund which was owed $8 billion will receive $4 billion in cash, 50 cents on the dollar, plus 55% ownership in a reorganized Chrysler.

The U.S. government, which gave Chrysler $8 billion of your and my money, will get 8% ownership and the Canadian government gets 2% ownership.

262-fiat-logo.pngItalian automaker Fiat, which put up no money, WHICH PUT UP NO MONEY, did I mention they put up no money, will take control of the merged Fiat-Chrysler entity and initially receive a 20% ownership share which can increase to 35%.

Daimler AG which owned 20% of Chrysler, was pressured to give up all its ownership interest, forgive $2 billion in second-lien loans (worse than fully secured but better than unsecured) and, just for fun, contribute $600 million to...have you been paying attention: (a) secured debt holders who have superior rights under the law, or (b) unsecured Obama supporting union thugs? Yes, it goes to the union pension plan of course.

We are no longer a nation of laws but, rather, a nation of men. The law, the Constitution, the Courts, take a back seat to who you know. This and the GM deal were nothing more than the work a thinly veiled socialist paying off the union thugs who helped get him elected.

The union majority owned Chrysler joins Government Motors as manufacturers from whom I will avoid buying from.

Posted by Don |

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)



0 TrackBacks

Listed below are links to blogs that reference this post: Chrysler Given to the Unions and Fiat.

TrackBack URL for this entry: http://www.danzfamily.com/cgi-bin/mt4/mt-tb.cgi/730