Then vs. Now

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Chrysler Bailout in the 80's versus the bailout of the early 2000's

Chrysler Board Meeting: November 1980
We are Out of Options!
Bankruptcy is not an option! Our reputation is at stake!
Spending Cuts are NOT Enough!
Lee: "Saving the Chrysler Corporation will ensure millions of Americans can keep their jobs. I am confident that these loans will give us the help we need."
I can't take another pay cut!
Congress: "Ok but we want stock more options, ownership of all your assets, control over your accounts, a guy on your staff, guarantees from all your banks, and the kitchen sink!"
Lee Iacocca Saves the Chrysler Corporation!
He's done it again!
That's the American Way!
Chrysler Board Meeting: November 2009
Our Designs are dullSales have plummeted The economy is tanking
Let it go under. Imagine the roads with fewer cars.
Chrysler: "Think you could help us out? We are all suffering out here. We don't want to fail, but bankruptcy may help us bounce back stronger..."
I guess we work for Europe now...
Obama: "Uh... well... mmmm... Okay! Since it's my decision, here is $17 billion under T.A.R.P., please merge with Fiat, and let this team of business investors restructure you. Y'all gotta get with the times..."
Chrysler Cops Out to a European Buyout
Where's Iacocca

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