Obama, Chrysler, Fiat and Gaddafi

Posted By Newssleuth

Article from June 16, 2009      What You Need to Know About Barack Obama

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This is an article from June 16, 2009, before the revolution in Libya, which explains O’s deals with Chrysler and Fiat and his relationship with Gaddafi’s Libya.

Courtesy of the June 2, 1986 Time Magazine article: “Fiat’s Silent Partners”

“…the company has been unable to escape an increasingly embarrassing problem: about 15% of its stock is owned by Libya, and two representatives from the land of Muammar Gaddafi sit on Fiat’s 25-member board…Fiat became entangled with Libya in 1976. The company was short of cash, and Gaddafi, who was piling up petrodollars, was not then generally viewed as a bankroller of terrorists. Fiat welcomed Libya’s investment of some $400 million…As Fiat has prospered, the value of Libya’s stock in the company has multiplied to an estimated $2.5 billion.”