Its final, Jeep is now an Italian mark

http://www.foxbusiness.com/story/markets/fiat-ceo-deal-worked/

 

Does everyone hear the flushing sound?  GM is next to go into the toilet.

Where to start....

Well I think I've decided I've purchased my last new jeep. Not just the crap that is going on with the bankruptcy, but since Chrysler decided to yank the dealership from the Cullman Dealer (who supported Stony Lonesome OHV Park even after Chrysler refused to help) and give it to the Dodge dealer across the street, I've had it with them. Besides look at all the crap we got with the French help under AMC.

Now who else wonders how it bodes for the US when the courts decide that written contracts have no worth and have less standing than no contract??? I think the winds of "Change" are at work here.

Robert

Doc Savage wrote: Now who else wonders how it bodes for the US when the courts decide that written contracts have no worth and have less standing than no contract??? I think the winds of "Change" are at work here. Robert

Robert, that's the most troubling aspect of this entire process.  The very concept that you can take away the preferred status of preferred stockholders tosses not only the concept of contract law on it's head, it also will be devastating for companies trying to gain capital through stock.

I mean - why on earth would I pay a premium for preferred stock from this day forward - when the gov't has just told me they can and WILL negate that preferred status at their whim?

Simply absurd...