I don't think this Fiat thing will have a good ending: U.S. Pushed Fiat Deal on Chrysler

My uncomfortable feeling on this Fiat thing has nothing to do with my not being a member of the Bob Nardelli (chairman and CEO of Chrysler) fan club to put it mildly; actually don't even like the guy as shown from my past posts. I hate it for America, but I just don't like this thing is going to work out as planned.

Although I suspect that in a couple of years -- for the reasons noted in the post that follows -- we will be served with a bag of horse manure about how great the GM thing is working out, I don't believe the Chrysler bailout will have as good an ending.

Putting no skin in the game, Fiat will initially own 20% of the new Chrysler, and have the option of increasing its stake to as much as 51%. The UAW would initially get a 55% stake, while the U.S. and Canada, which are lending Chrysler $4.9 billion during the bankruptcy, would own 8% and 2%, respectively.

Read the emails from this article in The Wall Street Journal and draw your own conclusions.