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Chrysler bankruptcy

Obama administration oficials are saying some debtholders wouldn't accept workout terms.

Posted by Max Brantley on April 30, 2009 10:53 AM |

Comments

Yeah.....and look whose holding out!

"Many of the holdout lenders, primarily distressed-debt hedge funds who bought portions of Chrysler's $6.9 billion of bank debt at a discount, are likely to argue that they have the first claim to the carmaker's assets that were pledged for those loans, according to people briefed on the matter."

The rich, trying to get richer.

Posted by: Deathbyinches [TypeKey Profile Page] | April 30, 2009 11:31 AM

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