04.30

Strange days. Chrysler and their creditors couldn’t reach a restructuring agreement, so that’s all she wrote as far as solvency goes. Obama announced that Chrysler’s filing for Chapter 11 protection as early as right now. This will give the automaker a couple of months to get its partnership with Fiat in order, which Obama claims will save 30,000 American jobs. However, in the words of Ken Layne, “FIAT? Weren’t they run out of America a decade or two ago, for also sucking?” That’s pretty much our position, too. You know what? I’m just going to turn this whole, strange affair to the only website that can be trusted to adequately explain the US president brokering a bankruptcy deal between a hedge fund-owned automaker and a state-owned Italian multinational — Wonkette.








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