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.

Italian 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.