Chrysler’s Bankruptcy Protection
China
Source: Dialogue (China Central Television (CCTV))
From: China

Dr. Thomas Schiller was invited to this 30 minutes live programme to address Chrysler’s bankruptcy protection issues. Chrysler, the third-largest American automaker, filed for bankruptcy last Thursday after months of negotiations with regulators, unions and creditors fell apart when a small group of debt- holders balked at the government’s final terms for an out-of-court restructuring. The programme tries to answer following questions: Why would the United States government, while bailing out its banking sector with billions of US dollars, refuse to back America’s auto industry, which epitomized modernization and strength of the country?