hoist on their own petard ...

  .. by some  'reverse engineering'

-=*=-

Here's a bit of a laugh:

November 19, 2008 | 01:02 PM (EST)
Jane Hamsher
Chinese Want To Buy the Big 3 Automakers

  «It appears that the Chinese car makers SAIC and Dongfeng have plans to acquire the Big 3:
...
At current market valuations (GM is worth less than Mattel) the Chinese government can afford to buy GM with petty cash. Even a hundred billion $ would barely dent China's more than $2t in currency reserves. For nobody in the world would buying GM and (while they are at it) Chrysler make more sense than for the Chinese. Overlap? What overlap? They would gain instant access to the world's markets with accepted brands, and proven technology.»
[huffingtonpost/jane-hamsher]

Read it yourself and consider; the Chinks have about US$2Trio burning a hole in their pockets. They could 'dump' some/all of it of onto the ForEx market and sink the US$ - or they could deploy it to buy up bits'a the US finance-collapse caused 'fire-sale.'

That would give them (the Chinks) many advantages; they'd pick up any 'intellectual property' the Big 3 have, give them the brand-names, and they'd be able to source components from wherever - mostly outside'a the US, a process called 'out-sourcing,' not to mention vertical integration. They'd have the dealerships (worldwide) jumping into their pockets (see 7.30 last night), the Chinks'd have a perfect monopoly position: wouldn't that be sweet? (As revenge, say. The bleeding of the US would move into 'high gear.' Haw!)

-=*=-

Now, for the BIG Q: is this communism (Chink buy-outs), socialism (US bail-outs) or what?

(Cue Costello: "Haw, haw, haw! - Let us prey.")