The DC-535 lost $1.3 billion in GM deal with Fiat.
"What the hell? It's only $1.3 billion"
"The U.S. government has sold its shares in Chrysler to Italian automaker Fiat SpA, ... "
There's a very glaring error in this article's first sentence and it's allowed because people will not snap out of their idiot-trance: The US government has sold ITS shares ... "the US government"?! "ITS shares"?!
The DC-535 is not the "government"; it consists of 535 representatives to the real government; it is not autonomous; these reps answer to government - not just to a few elites and lobbies - foregin and domestic.
Those are our shares, bought, paid for with our tax money!
Did anyone get the memo from the DC-535 informing you of any aspect of this deal; purchase or sale, made with my tax dollars - other than a illegal, ilegitimate demand we must rescue the TBTF or else as Hank the skank Paulson threatened: there will be martial law ... !
"Business as usual" is going to come to an end and soon. We can do a soft crash landing or a very destructive crash landing, but a crash landing is now unavoidable is coming.
Which will it be people?
this is us..
but... but... but we saved jobs.
Yuck. That news item was very incomplete. It left out a very key detail in order to cover things up. Namely, that Chrysler is primarily owned by Cereberus, one of the largest private investment firms in the US. One which is known for stripping the assets of a company and running, leaving a ton of misery in its wake.
They were bailed out by Obama and crew, along with GM. The article left that key fact out, and that this was a taxpayer giveaway to both Cereberus and now Fiat.
A two-for-one for the elites, courtesy of the taxpayer.