syh

In two days, we'll find out.

While the rest of the country works itself into a froth over the farcical election, I will be waiting for Cerberus to announce how they're going to fuck Chrysler over. The Germans were bad enough, but this is patently ridiculous. To paraphrase their utterances a bit more than a year ago, "We're in it for the long haul!" Bullshit. You bastards confirmed my feelings when you hired Bob Nardelli of I Screwed Over Home Depot So Much They Paid Me More Than $250 Million to Go Away fame. I need his contract. Whenever I've been fired, I get a boot up my ass as I walk out the door; he gets the Powerball jackpot. If ever was there a need for Oni's Culling of the Rich, he's the prime example.

This is pissing into the wind anyway. According to Allpar's feed, R-N is out of the running since they only wanted 20% of the company, not the 80.1% Cerberus is offering. I haven't heard if Daimler is giving away their 19.9% yet, but they did debase its value to zero last month, so maybe they will. "Buy 80% of Chrysler, get the other 20% free!"

Two months ago, I swore I would not get wrapped up in something so patently ridiculous as a GM-Chrysler merger. I guess I'm just not as forward-thinking as the stuffed shirts with MBAs in Auburn Hills, Detroit, Stuttgart, or NYC.


{an update}

Here's an interesting thought: Daimler kills Chrysler by proxy.