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[Clansgian AT wmconnect.com]

> >Look at Chrysler now.  They have been functionally bankrupt for awhile now.
> Bridge loans have turned into pier loans 

Very correct.  Chrysler (and Ford and GM) essentially got out of the vehicle 
making business, that is, prudent manufaturing decisions were secondary, and 
got into the finance business.  

But the most important point here is that the Chrysler bailout was a loan, 
not a take over.  The Fed has already been floating loans to F&F for some 
time 
totaling much more than all the money guaranteed to Chrysler and it STILL 
didn't keep them afloat.  This present isn't a Chrysler-like bailout, it is 
assuming contol and responsibility for those two "companies".   Very mucho 
different 
proposition.   </HTML>