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Thread: U.S. economy bounces back sharply

  1. #271
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    Re: U.S. economy bounces back sharply

    Damn those Italians, eh?

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    Re: U.S. economy bounces back sharply

    [QUOTE=Dittohead not!;1063698485]
    Quote Originally Posted by Conservative View Post

    Purchasing a company for 10% of its value is a deal that is beyond the ability of government IMO. Perhaps you have another opinion.
    The net result was billions lost, guess that doesn't matter as there was no personal impact

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    Re: U.S. economy bounces back sharply

    [QUOTE=Conservative;1063698504]
    Quote Originally Posted by Dittohead not! View Post

    The net result was billions lost, guess that doesn't matter as there was no personal impact
    That was the net result, sure, but it still doesn't mean that the government sold Chrysler to Fiat.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

  4. #274
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    Re: U.S. economy bounces back sharply

    Quote Originally Posted by Conservative View Post

    Nice try, the Democrat Party and the UAW were hand in hand and it was the Unions that got ownership with money from the taxpayers. If you think the govt. didn't own the company then you really should by a bridge I have for sale in the swamps of Florida
    The government owned 20 percent of Chrysler stock which it sold to Fiat.


    Fiat gained a 20 percent Chrysler holding as part of the U.S. automaker’s government-backed restructuring in 2009.
    Fiat to Buy Rest of U.S. Government
    When it comes to matters of reproduce health, Politicians and the religious dogma of another faith should never interfere with religious liberty of an individual or her faith.

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    Re: U.S. economy bounces back sharply

    Quote Originally Posted by minnie616 View Post
    The government owned 20 percent of Chrysler stock which it sold to Fiat.



    Fiat to Buy Rest of U.S. Government
    Interesting headline.

    From the link:

    Fiat will pay $500 million for the U.S. government’s remaining 6 percent stake in Chrysler Group LLC, ending the Treasury’s involvement in the automaker as Fiat moves to consolidate control.
    So, the statement that the government sold Chrysler to Fiat is 6% correct. That's more correct than I thought it would be.
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    Re: U.S. economy bounces back sharply

    Quote Originally Posted by Dittohead not! View Post
    Interesting headline.

    From the link:



    So, the statement that the government sold Chrysler to Fiat is 6% correct. That's more correct than I thought it would be.
    Interesting, do you have any idea who guaranteed the Union funds to take over the rest of the company? You want badly to believe what you read in the headlines but never the complete story.

    Auto Bailout or UAW Bailout? Taxpayer Losses Came from Subsidizing Union Compensation

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    Re: U.S. economy bounces back sharply


  8. #278
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    Re: U.S. economy bounces back sharply

    Quote Originally Posted by Conservative View Post
    Interesting, do you have any idea who guaranteed the Union funds to take over the rest of the company? You want badly to believe what you read in the headlines but never the complete story.

    Auto Bailout or UAW Bailout? Taxpayer Losses Came from Subsidizing Union Compensation
    Even if that's accurate, how does it mean that the government owned and sold Chrysler?
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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