. May 4, 2009 SouthAmerica: The Chrysler bankruptcy filling last week was the first nail on the coffin of the entire automobile industry in the USA. If I was going to place a bet regarding the Chrysler bankruptcy I would bet that the bankruptcy will not go according to plan and many problems will appear along the way and most likely the bankruptcy will become a major mess for the auto industry in the USA. The result of the Chrysler bankruptcy mess will affect General Motors and Ford in a very negative way. At the end of the day the US government will need to nationalize the carcass of what is left behind after the US auto industry meltdown. In my opinion the bankruptcy path is a major mistake and I hope the people at the US government are not foolish enough to also push GM into the bankruptcy solution. I donât know anyone who would buy a car from a company that is going through bankruptcy â and there are a thousand reasons to make a case for not buying a car from such a company. I know there is some fools out there who say that the bankruptcy of all these American car companies it will not be any different than the bankruptcy that the airline industry went through a few years ago. Someone must be a real fool not to grasp the basic difference between these two examples; after an airline comes out of bankruptcy a customer still can fly that airline for example from NY to Florida or California and in this case the transaction involves just a small short-term investment made by this particular customer. Now regarding the bankruptcy of a major US automaker in this case the transaction would involve a large long-term investment by that same customer and there is no guarantee that the automaker would be able to survive in the long-term to provide service and parts for their automobile. If you want to read more on this subject then go to: http://www.elitetrader.com/vb/showthread.php?s=&threadid=143102&perpage=6&pagenumber=1 .