Eugene David
...The One-Minute Pundit

Saturday, December 22, 2007


"Someone asked me, 'Are we bankrupt?' " Chrysler chief Robert Nardelli told staff earlier this month, according to a report in The Wall Street Journal. "Technically, no. Operationally, yes. The only thing that keeps us from going into bankruptcy is the $10 billion investors entrusted us with."

What in God's name does THAT mean? And how long will it take the Three-Headed Dog's new thing to burn through $10 billion?

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