Ahhh here we go, someone more willing to post, than read. What bank would loan that knd of money without getting a large share of the company? Do you not understand how loans and lines of credit work.
if they arent good for it dont lend it
The money Chrysler received from the US would never be given by a bank. They only loan based on liquid capital and guarantees. Sadly Chrysler was so far in debt, they had nothing to offer that they owned or had liquid assets.
then they should have let them file chpt 13
And you'll be the first guy in line to complain when fuel prices rise again...If you want big and fuel drinking, don't complain about the cost to feed it. By now we hope you realize that fuel and oil prices are not something to take lightly.
your right i do complain when fuel is high,but not at the oil companies,at libs in gov. not allowing us to build refineries and explore and drill here.
That was easy. Instead of needing a bank they had a problem 4 years before this and were lucky to pick up a CEO from outside the Auto industry. Don;t forget instead of banks, Ford has Family money...unlike GM and Chryslers who's families has long seperated from the corporations.