It would appear my imagination was pretty accurate. President Obama announced today the bankruptcy of Chrysler. However, I’m a little sketchy on what the President said. No, not on his belittling of the bond holders, who thought they were investing in an asset, that, by law, comes ahead of stock holders (spelled UAW), that’s just political.
What’s confusing me is that the President said this bankruptcy would take only thirty to sixty days. I understand that Chrysler will file a reorganization plan by August 28th. Let’s see, I know the President is good, and he guarantees things, but April 30th to August 28th.....sixty days? My math says 121 days, but who am I to disagree with the President.
To quote Alice in Wonderland, things are getting “curiouser and curiouser.”
Till next time,
Bill
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