Congratulations Indiana Financials ... 2009-06-09

CLOates
9 June 2009
Norman, Oklahoma, USA

Congratulations Indiana Financials and U.S. Supreme Court

So you thought Chrysler Corp. would be in and out of bankruptcy in a few weeks? Those of you who expected that Chrysler would soon emerge from bankruptcy as a part of Italian auto manufacturer Fiat were doubltless brought back to reality yesterday when the U.S. Supreme Court agreed to consider lawsuits by Indiana financial insvestment groups complaining that the Fiat purchase agreement was unfair to them.

The legal niceties of the situation may very well be in favor of the Indiana investors, but delay of the deal will most likely cause the complete financial liquidation of Chrysler. Any impending economic recovery in the U.S. would be threatened by Chrysler's demise, but the real horror show will come when this same kind of thing happens to General Motors, a much larger and more complex auto company, also now in bankruptcy court.

Hold on tight to your Chevy pickup's gun rack. The financial folks aren't yet finished having their way with us in their pursuit of the almighty dollar.

Enjoy the recession. The worst may NOT be over yet.

Prof. Oates

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comments:

Grandpa/Prof. Oates Chuck Oates	Wonder of wonders, the Supreme Court decided to let the Fiat purchase deal for Chrysler stand without comment! Once again the long shadow of financial armageddon has passed over us. Let's hope our luck holds when it's GM's turn at bankruptcy roulette! Posted by Grandpa/Prof. Oates on 10 Jun 09 Wednesday - 21:09 [Reply to this] [Remove] [Block User]

	Grandpa/Prof. Oates Chuck Oates	Good heavens! GM made it through bankruptcy court in 40 days (and 40 nights?). It's a judicial miracle! We can hope that the much smaller, leaner emerging company can get its act together and get the Chevy Volt and other innovations out the door with REASONABLE PRICES and ENHANCED RELIABLILITY before it winds up in Chapter 7 (dissolution of the company), rather than Chapter 11 (re-vamping under the court's protection from creditors). Posted by Grandpa/Prof. Oates on 13 Jul 09 Monday - 10:36 [Reply to this] [Remove] [Block User]

	Grandpa/Prof. Oates Chuck Oates	Sometimes a close encounter with corporate death has an effect on a company similar to that of a person who has the same kind of experience. The behavior or the company or person is often very different and very much better thought out after the experience. Let's hope that's the case with the (for the moment) U.S. Government and Candian Government-owned GM. The near-death experience that Chrysler had the 1980s kept the company alive for another 25 years and gave us soccer moms and pops the doughty min-van. Perhaps GM's Chevy Volt will perform a similar ressurection miracle for the company. Hope strongly, but don't hold your breath. It is still GM, after all, even if their logo's blue background has changed to verdant green. Posted by Grandpa/Prof. Oates on 13 Jul 09 Monday - 10:52 [Reply to this] [Remove] [Block User]

	Grandpa/Prof. Oates Chuck Oates	The greenwashing to end all greenwashing? See GM Logo Change and New Car Production Posted by Grandpa/Prof. Oates on 13 Jul 09 Monday - 11:01 [Reply to this] [Remove] [Block User]

Grandpa/Prof. Oates Chuck Oates

I wonder if the GM executive who disparagaged the Aptera by saying he was "un-interested in science fair projects" will be sending his resume to Aptera Corp., now that he is unemployed? http://aptera.com/www.aptera.com . Posted by Grandpa/Prof. Oates on 13 Jul 09 Monday - 11:11