Comments on: Bailout Watch 163: Chrysler Refuses to Reveal DOE Loan Application

By: Dangerous Dave

Dangerous Dave — Tue, 11 Nov 2008 23:43:59 +0000

In my opinion a private equity company should get ZERO, especially when they have the money elsewere to “save” the company. The hedge fund boy should “eat it” on this one.

By: HarveyBirdman

HarveyBirdman — Tue, 11 Nov 2008 20:39:26 +0000

In the application instructions, the DOE said that if an applying company felt that confidential business information was being submitted, a second copy of the application should be submitted with the confidential information blacked out. So there should be at least one public copy of the application out there, even if it doesn’t prove to be very enlightening. That’s the problem with allowing a business to decide what’s confidential when dealing with the government; suddenly EVERYTHING is proprietary. However, at the very least, the amount applied for should be public, but who knows.

By: SexCpotatoes

SexCpotatoes — Tue, 11 Nov 2008 19:51:12 +0000

They probably asked for all of the money. Just a guess…

By: br549

br549 — Tue, 11 Nov 2008 15:58:58 +0000

Considering the stipulations on that money, I can’t wait to see what you uncover about this. I figure the big dog is intending to use it for a little last-minute sprucing in anticipation of a long-awaited buyer.

BTW, Autoblog reports that Hyundai has given an official “no dice” to any role they may have played in the carve-up.

By: fisher72

fisher72 — Tue, 11 Nov 2008 15:57:08 +0000

FOIA, FOIA, FOIA!

By: TexN

TexN — Tue, 11 Nov 2008 15:32:46 +0000

The sooner Cerberus goes away the better…….

By: autonut

autonut — Tue, 11 Nov 2008 15:13:45 +0000

Inquiring minds would like to know wit whom Chrysler is competing? They haven’t sold 10 cars this year!