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WinLoseOrDraw

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Re: Joey Smith post# 71098

Thursday, 11/13/2008 2:25:19 PM

Thursday, November 13, 2008 2:25:19 PM

Post# of 152227
Chrylser was "merged" into Daimler. Daimler got their up-close look, wrote them off as having $0 value, and spun them back out.

Don't think it can be over-stated in just how bad shape these outfits are. Decades of collusion between management and union leadership to keep payrolls as bloated as possible, to keep "too big too fail" status as long as possible.

Keeping them alive makes a mockery of "free enterprise".



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