Posts Tagged ‘Bond Holders’
Chrysler’s Creditors Cave
Last Friday, the small group of Chrysler’s secured creditors, who had thus far refused to buckle under to the pressure, decided to throw in the towel and withdraw their legal protest to the Obama administration’s plan to resuscitate the failed auto company. In a move more symbolic than meaningful, the group has decided that although…
Read MoreLawyer for Chrysler bond holders backs off … sort of.
Judge for yourself. This is from Neil Cavuto’s interview last night with Tom Lauria, lawyer for some of the bond holders who decided to reject Obama’s deal offering them 29 cents on the dollar for their debt. The debt holders wanted 50 cents. Obama called them greedy and falsely claimed they were not willing to…
Read MoreGreed Is In The Eye Of The Beholder
The President’s remarks as Chrysler went into bankruptcy yesterday are mind-numbing.
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