I’ve often thought Denny Hecker’s empire was built on sand these past few years as he levered his automotive empire, already a survivor of one financial crisis into the Real Estate and Mortgage markets.
…talk about bad timing.
And now this…
The ubiquitous auto dealer also is expected to file for bankruptcy for some of his businesses as soon as today.
Minnesota auto dealer Denny Hecker filed a federal lawsuit this morning against its longtime partner Chrysler Financial Services for allegedly acting in bad faith after it froze Hecker’s credit lines, affecting his rental car business, fleet sales business and 13 Hecker dealerships including one in California.
If you will allow me to ramble, consider the cascade effect manifested here.
Corrupt (and Liberal) officials at ACORN, Freddie Mac and Fannie Mae simultaneously crash the markets for Credit, Homes and Equities. Congress and the Unions slowly bleed the domestic automotive industry to death.
As a result, a local billionaire goes bankrupt, likely taking local jobs and investment with him.
Thank you liberals. Your evil plan is coming together. I can’t wait to see your solution. Lemme guess: it will involve more of the same. Higher taxes, bigger government, more regulation.
The backlash that will be the Conservative Revolution can’t come quick enough.