Re: Neil Nelson

That explains why you'd have liked to see Chrysler die. I was more interested in what you perceived might have been done by the US Government and/or Daimler that prevented that from happening.

While I'm not exactly in love with the idea that Chrysler is in bed with the Germans, my 98 Intrepid is far and away a much better car than my 78 Dodge Aspen was, bearing in mind that the

Maybe you missed the loans from uncle sam to Chrysler and the preference given to them on fleet contracts during the 80's? The K chassis was the result. Or that they were on the ropes again when they sold to Daimler. Harley Davidson is another one who benefited from largess during that time.

You have your facts wrong. The only people to actually lend money to Chrysler was the UAW retirement fund and convention financial institutions like banks etc. The government did not loan Chrysler a cent. The feds only guaranteed the loans that Chrysler received form financial institutions and the government was given Chrysler stock as security for those guarantees. When Chrysler stock eventually rose the government made money on the sale of those stock certificates. Do a bit of research before you post on a subject of which you obviously have little or no knowledge, WBMA

mike hunt

You have your facts wrong. The only people to actually lend money to Chrysler was the UAW retirement fund and convention financial institutions like banks etc. The government did not loan Chrysler a cent. The feds only guaranteed the loans that Chrysler received form financial institutions and the government was given Chrysler stock as security for those guarantees. When Chrysler stock eventually rose the government made money on the sale of those stock certificates. Do a bit of research before you post on a subject of which you obviously have little or no knowledge, WBMA

mike hunt

Just a light hearted reference to the Govt "bailout" of Chrysler, and a GM guy's stab that they'd have died if Daimler hadn't bought into them.

Mike Hunter hit the nail on the head... There was _no_ "bailout." The US was just a co-signer to the private banks that loaned Chrysler money. The loans were paid off early and the government made money off of the stocks they acquired for their trouble.

Except that it was Daimler that needed Chrysler's bankroll.

. .

============= ============= Mike Marlow replied:

Just a light hearted reference to the Govt "bailout" of Chrysler, and a GM guy's stab that they'd have died if Daimler hadn't bought into them.

========= ========= damn......Mike...... grow some balls man.

You slapped Neil across the face with a glove....by starting this sheeet......

He punched you in the nose with the facts and knocked you on yer arse...

now.........yer gonna hunker down like a wet dog been whooped with dead snake........with that wimpy "i wuz jest say'n" ...comeback???

No damn wonder you type so much....... yer a confused human being son.

You started this thread as an apology to Neil...... You opened the door and let him in by say'n too much... then..... then....you posted in open forum.....MISTRUTHS...again...... and he got yuh.....

man.....

i've heeerd tell of them that don't know.... but bud..... you don't even suspect!!

~:~ MarshMonster ~don't start no wars...if'n he ain't got no ammo~

========= =========

Correct on both counts. Ergo - the lighthearted stab from a GM bigot.

No... I threw down the gauntlet man - threw down the guantlet. Slappy across the face with ze gloves is for sissies.

Oh hell - there is no room for fact versus anything else in this discourse. It's not that serious a discussion.

Huh? I hate it when I fall asleep during the movie and lose the plot.

Oye... my head is starting to hurt.

Methinks you take too much delight from your position over in the corner Marsh.

institutions

The feds only guaranteed the loans that Chrysler received form financial institutions and the government was given Chrysler stock as security for those guarantees. When Chrysler stock eventually rose the government made money on the sale of those stock certificates. Do a bit of research before you post on a subject of which you obviously have little or no knowledge,

OK then explain HOW did the the govt. make money on the deal IF they were not involved? How? EASY they were the ones who signed on the line. If that isn't a bailout then what is?

Ever notice how many K cars were bought by the federal govt? Wonder why? They were the top supplier of vehicles to the govt. during that time as well. Because they were given lower bid preference.

WBMA

preference

Discussion will have to wait. Right now, I have to tow in a 2002 Malibu (62K miles) with a dead fuel pump.

Respectfully, Neil (owner of 95, 97 and 98 Dodges that still run on their original fuel pumps)

You said in your original post that Chrysler was bailed out with government money and that simply is NOT factual. The block of shares, given to the government by Chrysler as collateral for the government load guarantee, tripled in value was the reason the government earned money.

mike hunt

A real GM bigot does not consider the notorious fuel pumps, the gaskets, the wheel bearings to be real problems. More of a "character" thing.

============ ============ well... so much fer chang'n the topic...

and........ i'm quite comfy in my little corner of the world. Hurricanes and all.

~:~ marshmonster ~gives mike an oxycotin fer his head ache~