Posted by mike on 2009/1/5 12:39:56 (856) reads
From the official Chrysler blog...
Chrysler Chairman and CEO Bob Nardelli said on behalf of the leadership team, that he was pleased to report that the Company's discussions with the Treasury Department have been completed, and that today, Chrysler received an initial $4 billion loan to help bridge the current financial crisis.
"We recognize the magnitude of the effort by the Treasury Department to
complete the multiple financial arrangements and appreciate their
confidence in Chrysler. We would like to thank the many constituents who
worked with us to meet the loan requirements. This initial loan will allow
the Company to continue an orderly restructuring, while pursuing our vision
to build the fuel-efficient, high-quality cars and trucks people want to
buy, will enjoy driving and will want to buy again."
Is anyone else rolling their eyes at this quote?
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Posted: 2009/1/6 19:44 Updated: 2009/1/6 19:44
Just popping in
Re: Chrysler Gets their $4 Billion Loan
Not only are my eyes rolling, but my blood is boiling as well.
These management clowns knew what was happening long before the radiator hit the fan.
If your child repeatedly misused and broke his bicycle after numerous warnings would you buy him a new one...and worse yet expect him to pay you back.
These guys should have been disciplined severely rather than "bailed out"...with the opportunity to take advantage of the taxpayer again.
Corruption and collusion are running rampant and will only worsen if we continue to sit back and expect Washington to do the right thing.
Color me mad!