Chrysler to file for bankruptcy

[Cool Beans]

Kinda confused on this one, how do you restructure without the Unions, when the union is going to own over 50% of both Chrysler and GM? Both of these companies were beyond stupid when they took money from the government.

[justplugit]

Originally Posted by Cool Beans

Kinda confused on this one, how do you restructure without the Unions, when the union is going to own over 50% of both Chrysler and GM?

Ya, that confuses me too, which hasn't taken too much to do lately..

What was gained by a bailout except for the government getting their control in the company and postponing the inevitable bankruptcy any way.

Inquiring minds want to know.