06-01-2009, 11:06 PM
JoeH wrote:
[quote=samintx]
Remember Chrysler? Lee Iacocca had to get bail out financing for them after they bought American Motors (Rambler). This is Chrysler second go round of going belly up.
Go check your history Suzanne, the bail out of Chrysler was in 1979. All loans were repaid in 1983. AMC was purchased in 1987. I knew that the bail out and repayment were all over before AMC was purchased without even having to look it up. Did go out and check on the dates to get those exact.
I know the bill was paid back....that is the point tho...this is the second time around for Chrysler...they paid the first debt but will this debt be paid back? Alll I know is I got stock for the AM stock I owned. Rambler was going belly up on its own and didn't do much for Chrysler whenever they bought it.