Obama administration forced Fiat marriage on Chrysler


It should not be a surprise to anyone that the Obama administration forced Chrysler into a marriage with Fiat. The government has forced changes in bank boards and pushed the head of GM out of his job. Former Treasury chief Paulson even forced the Merrill Lynch deal on Bank of America (BAC).

Chrysler had few options as it ran out of money, and the Fiat arrangement may have been the only practical one left to the No.3 US car company. According toThe Wall Street Journal, in its review of communications filled in bankruptcy court, it found one reference an official at the Treasury Department referred to as "God."