Tag Archive for 'bailout'

What needs to happen

April 22nd, 2009 • by David Zatz

It’s time for Cerberus to start acting like patriots, instead of simply claiming patriotism. They need to give up on making a big profit from Chrysler – which is to say, they need to give up part of their stake in Chrysler Financial, and to dismiss any executive who will not limit their salary as [...]

Tags: automakers, bailout, brands, cerberus, china, chrysler, economy, factories, federal, general motors, GM, government, loans.
Chrysler Corp, bailout, cerberus

16 Comments

Why bankruptcy is a bad option

April 9th, 2009 • by David Zatz

Last night, I endured an argument (eventually ended by my wife) about why loans to automakers are bad, and why loans to banks are completely different.
“Why,” said the other person, after I explained that bankruptcy would result in tens of billions of dollars in charges to taxpayers from the Pension Guarantee Fund, as well as [...]

Tags: automakers, bailout, chrysler, general motors, GM, government.
Chrysler Corp, GM, bailout

5 Comments

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