SocraticGadfly: Fiat PLUS bankruptcy for Chrysler

April 23, 2009

Fiat PLUS bankruptcy for Chrysler

Looks like that’s the bottom line.

And it makes sense. Fiat will find it easier to restructure Chrysler with the bankruptcy stick in hand.

Also, a Chrysler “structured” bankruptcy becomes, to put it bluntly, a test tube for a similar bankruptcy at GM.

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