Thursday, April 2, 2009

Wouldn't we love to ...

... see Fiat stick it to the US Government and pay no attention to their imperious deadline for reaching a deal on Chrysler?

When will the American Government get it? This is not exactly the most attractive acquisition for anyone right now. Fiat would be well advised to let a bankruptcy court get concessions from the unions, get creditors to take a haircut and then go in and pick up the most attractive parts of the company cheap. Hardly an original idea - Barclays Capital did something similar with Lehman ...

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