We’re Good People Suing Good People

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…

Denny Hecker sues Chrysler’s financial arm

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.

3 thoughts on “We’re Good People Suing Good People

  1. Today the Democrats repeated their plan to “investigate” Republicans. That once in office, the Democrats are going to:

    A) Shut down the opposition press
    B) Arrest their political opponents.
    C) and let’s not forget $700,000,000,000 in corporate welfare for those who donated to their re-election funds.

    2010 could be a fun year.

  2. I remember thinking about the same thing lately, especially as I recently read an article about Mr. Walser, one that basically admitted that the entire business runs off short term credit. I would think that after selling a few thousand cars, one could save up enough to minimize that sort of thing, but evidently that’s not the standard practice.

    Thanks, Fed, for making credit artificially cheap.

  3. I used to work with a guy who in the past, worked for one of the car dealers in town. His niche was to sell to drug dealers. They come in on a regular basis and say “I want to buy a car, but can’t spend over $9,999 (or whatever the limit is for non-reporting of cash). So the car dealer would find the drug dealer a car, work it out so it came to exactly $9,999. Drug dealer gets rid of the cash and has a new asset to use as he pleases. Car dealer gets a quick sell and some cash in the safe.

    Denny Hecker should try this angle. No need to worry about credit when your customers pay in cash. Nobody walks.

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