Chrysler "winged" logo, used on Chrysler division cars 1998–current

Chrysler had received $4 billion in taxpayer funds, filed for Chapter 11 bankruptcy protection last Thursday after some of its lenders declined to accept the government's offer of 33 cents on the dollar for their loans. The majority of the lenders who hold Chrysler's $6.9 billion in senior secured debt, including four large banks, had agreed to the deal.  The United Auto Workers (UAW) who are unsecured creditors, meaning they had not a legal recourse to the assets of Chrysler. However, the secured creditors had secured their $6.9 billion in loans by obtaining collateral for the risk.  In the proposed settlement the SECURED Creditor WERE OFFERED 33 CENTS ON THE DOLLAR. THE UNION WILL RECEIVE $4.2 BILLION AND A NOTE FOR $4.58 BILLION which is a payout of 82% of the value of their claim. And why do they have a claim in the first place? 

DOES THIS SEEM ODD, THE SECURED CREDITORS ARE AT FAULT, THE DRIVER OF THE AUTOMOBILE, IN THIS CASE THE HIT AND RUN DRIVER WHO CARRIED NO INSURANCE WAS ABSOLVED FROM GUILT AND REWARDED WITH THE LARGER SETTLEMENT. Why is this so unnerving?  We took out the video tape, measured the skid marks, interview witnesses and came out with a different result.  THAT RESULT IS THIS, the Judge in the case was previously hired by Mr. Gettlefinger, the UAW chief cook and bottle washer, to perform exorcisms on Chrysler's management and the bankruptcy court. Low and behold, we smell POLITICAL PAYOFF. Another in a long line of union representatives paying off Judges and law enforcement officers to look the other way.You the American taxpayer has just been a witness to a HIT and RUN.  Left dead on the highway of default, bleeding as the UNION MACHINE rolled over you like a ten ton truck with JUSTICE IN CHIEF OBAMA RUNNING the steam roller.   

1936 Chrysler Airflow Series C-9

Above is a 1936 Chrysler, worth more dead than alive, ARRIVEDERCI TO ALL.