Originally Posted by DuckieHo
However, some businesses are a public good and/or have are very high level of entry. In those cases, the government may have to or should get involved. How those are determined and cost/benefit.... well, that's a textbook worth of analysis.
I agree. Government does need to do certain things for the common good, but they should be companies that aren't privately owned. For example, a power company or water company or sewer company. We don't need 4 sets of power lines, 3 sets of water lines, and 5 sewer lines going to every house.
Originally Posted by Aparition
What what? I didn't know that. Yikes! I didn't really like Chrysler anyways... (but the Fiat is a horrible car).
The sale of substantially all of Chrysler's assets to "New Chrysler", organized as Chrysler Group LLC was completed on June 10, 2009. The federal government provided support for the deal with US$6.6 billion in financing, which was paid to "Old Chrysler", and a newly formed company called Old Carco LLC took over the remaining assets and liabilities, which remained in Chapter 11 bankruptcy. This transfer excluded eight manufacturing sites, the majority of real estate holdings, and equipment leases. Contracts with 789 dealers in the U.S. were also excluded. On May 24, 2011, Chrysler repaid its $7.6 billion loans to the United States and Canadian governments.
On July 21, 2011, Fiat bought the Chrysler shares held by the United States Treasury. With the purchase, Chrysler once again became foreign owned; this time Italian car maker Fiat gained majority ownership and control of Chrysler. The United States government's involvement in the Chrysler bankruptcy cost $1.3 billion.
Basically Fiat bought them to get access to the dealership network that was already in place in the US so they could come in and start selling those tiny Fiat 500's all over the place.