Can you explain why the shareholders of Chrysler were bypassed in favor of the UAW, who just coincidentally are thick as thieves with SEIU?
"The central issue is that the funds feel Chrysler's post-bankruptcy remuneration plans have unfairly cost the funds a great deal of value by putting unsecured debtors such as the UAW ahead of the funds' claims. They are fighting the bankruptcy by alleging that the government's TARP disbursal to Chrysler was unconstitutional and that the subsequent events amount to a covert reorganization, not Chapter 11."
Yeah, no union favoring there ....
Just curious - does your insurance company force you through legislation to buy their product? Simply because you breathe? Or has the federal government done such a thing?
As of January, 2012, the US government's Troubled Asset Relief Program had about $25 billion invested in GM. Break even for the government was figured at $53.98 v. the then-current share price of about $25.