This is an article that I picked up from the Wall Street Journal about how the government is firing all of the corporate officials at Chrysler and how they are looking to find people to fill their spots. The real question is why does the government think that this is within their power when they only own 8% of the company and why aren't they doing anything about the people who run AIG or the other companies responsible for the economic collapse. It seems that Chrysler is a victim of the poor economy but it is no doubt that it has been mismanaged. I personally think that Fiat, which owns a majority of the company should be the one changing things up for Chrysler and not the U.S government. The government is totally disregarding Fiat's rights to control a majority of its business because it has a majority share of the company. On the other hand the government owns about 80% of AIG and still they are only talking about changing leadership there.
Why is there a discrepancy? The government should be going to town on AIG and putting those guys in jail for misleading Americans and killing our economy. Their assets should be taken and given to the people if this government is all about socialism, not something I want. I rather see the government take the personal assets of the people who run AIG and put it towards honest businesses or ones that are suffering that didn't cause this mess.
Check out this article at: http://online.wsj.com/article/SB124139467875781705.html
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