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scholtmj · 01-25-2011

I don't doubt you Bob, I bet Rattner is a greasy weasel. I was interested in the Auto Bankruptcy and how the companies were run and that's why I read it.

After reading the book, it's pretty clear if the boards/chairmen/CEO were not recycled both GM and Chrysler would have been an endless money pit of taxpayer funds. Chrysler's liquidation value was consistently stated at $1 billion, much less than the bridge loans Uncle Sam had provided them.

So, interesting book about the auto industry.

01-25-2011	#3
scholtmj Join Date: Nov 2008 Location: Grand Rapids, MI Posts: 384	Re: Book Review: Overhaul by Steven Rattner I don't doubt you Bob, I bet Rattner is a greasy weasel. I was interested in the Auto Bankruptcy and how the companies were run and that's why I read it. After reading the book, it's pretty clear if the boards/chairmen/CEO were not recycled both GM and Chrysler would have been an endless money pit of taxpayer funds. Chrysler's liquidation value was consistently stated at $1 billion, much less than the bridge loans Uncle Sam had provided them. So, interesting book about the auto industry.