individuals. people owned the car dealerships and their customer lists and service lists were taken away from them and people were stuck with debts, stuck with parts from gm and chrysler, and told tough it out, baby, you re done, you have to put up the out of business sign. and that is what happened. people had their livelihoods taken away. geraldo: i thought that was done by the car companies. wasn t it general motors and chrysler and ford that made the decisions? remember who owns general motors. it is now government motors and owned by the federal government. the same with chrysler. and now the federal government is calling the shots and the federal government has a large ownership stake and, as a matter of fact, the federal government overturned 150 years of bankruptcy law and took assets held by bond holders, those are the investors in chrysler. their assets were taken away and given over to the uaw, the
private assets from private individuals. people owned the car dealerships and their customer lists and service lists were taken away from them and people were stuck with debts, stuck with parts from gm and chrysler, and told tough it out, baby, you re done, you have to put up the out of business sign. and that is what happened. people had their livelihoods taken away. geraldo: i thought that was done by the car companies. wasn t it general motors and chrysler and ford that made the decisions? remember who owns general motors. it is now government motors and owned by the federal government. the same with chrysler. and now the federal government is calling the shots and the federal government has a large ownership stake and, as a matter of fact, the federal government overturned 150 years of bankruptcy law and took assets held by bond holders, those are the investors in chrysler. their assets were taken away and given over to the uaw, the
individuals. people owned the car dealerships and their customer lists and service lists were taken away from them and people were stuck with debts, stuck with parts from gm and chrysler, and told tough it out, baby, you re done, you have to put up the out of business sign. and that is what happened. people had their livelihoods taken away. geraldo: i thought that was done by the car companies. wasn t it general motors and chrysler and ford that made the decisions? remember who owns general motors. it is now government motors and owned by the federal government. the same with chrysler. and now the federal government is calling the shots and the federal government has a large ownership stake and, as a matter of fact, the federal government overturned 150 years of bankruptcy law and took assets held by bond holders, those are the investors in chrysler. their assets were taken away and given over to the uaw, the