Ferrari Mailing List: Re: Interesting article on a previous topic

[Jim Conforti (lndshrk]

At 11:34 AM 5/26/2009, you wrote:
> I don't think I would feel comfortable buying a product with any 
> long-term committment associated with it understanding that the 
> company who sold it to me was Bankrupt, had no operating capital, 
> and was unable to service/support their product.....you can't tell 
> me Bankrupcy has zero-impact on car sales.

  And?

  The Bankruptcies OCCURED (and WILL occur) with or without 
"Government intervention"

  Did the government "bail out" Chrysler?  YES - with BILLIONS of 
our tax dollars.

  BILLIONS as in multiples of 1,000,000,000 or 1E9 dollars for the 
engineers/scientists.

  A stack of ONE DOLLAR BILLS 60+ miles HIGH is a billion dollars.

  Are they in Ch 11 as we speak? YES

  Did the "bail out" work?  NO

  What did the "bail out" do?  Transfer wealth from 
bond/stockholders and the taxpayers
  into the hands of the UAW.  Nothing more, nothing less.

  JC