Making sense of Fiat's noncash deal

The arrangement is unusual: Minority shareholder Fiat SpA, having contributed no cash, is running the new Chrysler Group LLC and exerting clout far beyond what its 20 percent stake would suggest.

[Chuck]

part of the redistribution of wealth that was voted in

[Newark]

Chuck wrote:

part of the redistribution of wealth that was voted in

Redistribution is a good thing isn't it? Unless you're one of the greedy pigs that want it ALL for yourself. I love the way Latrell Sprewell put it when his contract was up for negotiation. He said, "I got a family to feed, how you expect me to live on $10,000,000 a year?" ROFLMAO

One never knows how much some people think they need to just get by in life. The natives are getting restless though and the upper crust might do well to give a little before the roaming masses break down their gates to get a bite to eat.

[Flowers and Dolphins]

Newark wrote:

<quoted text>
Redistribution is a good thing isn't it? Unless you're one of the greedy pigs that want it ALL for yourself. I love the way Latrell Sprewell put it when his contract was up for negotiation. He said, "I got a family to feed, how you expect me to live on $10,000,000 a year?" ROFLMAO
One never knows how much some people think they need to just get by in life. The natives are getting restless though and the upper crust might do well to give a little before the roaming masses break down their gates to get a bite to eat.

IT'S NOT UP TO YOU TO DECIDE HOW MUCH MONEY ONE IS ALLOWED!!! I'm so sick of this MOOCH mantality. "You got more money than me so you need to share". GO GET YOUR OWN MONEY!!!

[Newark]

Flowers and Dolphins wrote:

<quoted text>
IT'S NOT UP TO YOU TO DECIDE HOW MUCH MONEY ONE IS ALLOWED!!! I'm so sick of this MOOCH mantality. "You got more money than me so you need to share". GO GET YOUR OWN MONEY!!!

Damn F & D calm down. Are you now or were you ever a UAW member? Well, heck, hasn't the UAW's position always been a " share the wealth" type of mentality? Without a UAW do you think you would have ever gotten paid what you were getting? If it was up to the Auto Industry people you would have been in a very rough position, both pay-wise and rights - wise.

How about when gas was up to $4.00 per gallon? Do you think it was right for everyone to be paying out the wazzoo just becomes a bunch of greedy speculators pushed it that high? And how about when Real Estate speculators were flipping deeds back and forth to each other and driving housing up to the moon? Sure it was cool to watch your houses "value" climb, but what good came out of it? At the peak, the greedy bastards told the poor " better buy NOW, or you'll never own a house". Interest rates were low and it just seemed "smart" to buy a house while it was still possible.

And soon the house of cards became too unstable and we are now in a real bad mess. I put the blame on all the greedy pigs that just can't get enough. They need more more more - way past anything reasonable. How much does a person need to get by in life? Does an Executive really need $100,000,000 a year to run a company into the ground? Does a greedy investor/speculator really need to amass a $80,000,000,000 fortune?

Is it right that some people can't afford health care and die because of that? I read that Steve Jobs just got a liver transplant. Great for him, I'm sure he deserves good health care. But what about the poor old lady that spent her entire life at the poverty line? She always worked for a living but never made much more than the minimum. Watching a person die because of poor health care is not a good experience. Especially when you hear that some people have dogs and cats that are receiving chemotherapy.

Wow, didn't mean to start a mini-novel. I'm not looking for any internet flaming wars so please don't unleash a torrent of name calling in my direction. I just have problems with those whose only reason for being is to grab all they can. When their greed cases pain and suffering to others, then yes I do have a beef with them. In the case of the greedy housing and commodity speculators that brought down the worlds economy, yes, I do have a difference with them.

[eric]

only thing no one forced anyone to buy a house and if they couldn't afford it,then they shouldn't have.

[Iamfedup2]

eric wrote:

only thing no one forced anyone to buy a house and if they couldn't afford it,then they shouldn't have.

I use to work at a Mortgage Company and the Company is suppose to set regulations on qualifications but these lenders did not use the guidelines. They are suppose to be the experts. We never made bad loans. Plus, many people who lost their homes also lost their JOBS.

[Taxed]

Isee, it's always someone elses fault. What ever happened to individual responsibilty?

[eric]

Iamfedup2 wrote:

<quoted text>
I use to work at a Mortgage Company and the Company is suppose to set regulations on qualifications but these lenders did not use the guidelines. They are suppose to be the experts. We never made bad loans. Plus, many people who lost their homes also lost their JOBS.

you are right,but,many folks bought way over their heads as well.You have to fiqure out if you can afford it.and when you are paying bills on your credit card because you cant afford it,then sell it and buy smaller or rent.

[Newark]

Everybody is making good points here. Anyone that has been around the block a few times, knows not to get in too deep financially. I had a 43 mile commute to get to work and finally around 2004, I figured it's time to move closer to work. One look at real estate in northern Delaware ( Joe Bidens stomping grounds )and I decided living in Dover wasn't so bad after all. Especially considering how shaky the Sport-Ute market was getting. I'm really glad I didn't buy anything or I'd really be in a mess now.

But for the ones who did jump in - I can see what led them down the wrong road. Conventional BS has always said real estate will always go up - they ain't makin no more land. Interest rates were low but beginning to inch up. The Judas Goats were saying buy now or you'll never get a house.

Oh screw it all anyway, live and let learn. The great depression of the 30's didn't last forever- I guess these current hard times will end also.