Tuesday, June 9, 2009

Supreme Court Capitulates on Chrysler

In the name of expediency the Supreme Court has sold small Chrysler dealers, American consumers and the Pension Funds from the State of Indiana that loaned money to Chrysler down the river.

Unfortunately, Judge Ginsberg could not get the support of her brethren on the US Supreme Court and this disastrous deal moves forward again.

While many will suffer, who benefits?

The UAW benefits as it has successfully stolen a chunk of Chrysler's dwindling assets and a huge chunk of its future by getting the administration to unfairly and in violation of bankruptcy law give it 55% of the new Chrysler.

Fiat who gets Chrysler's assets cheap without any obligations to past consumers or dealers who are being dumped.

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