Is Bankruptcy Chrysler's Best Hope?
A Chrysler LLC bankruptcy seems more likely now that hedge funds are playing hardball on the carmaker’s debt-for-equity exchange offer. That’s exactly how Sandra Mayerson, a bankruptcy attorney at …
A Chrysler LLC bankruptcy seems more likely now that hedge funds are playing hardball on the carmaker’s debt-for-equity exchange offer. That’s exactly how Sandra Mayerson, a bankruptcy attorney at …
Thanks to greedy hedge fund organizations it sounds like bankruptcy is their only choice. The greedy execs refused to negotiate & decided to play high-limit poker again & hold out for a few billion in bailout funds to fatten their ill-gotten bonus packages. It’s sad there still exists such greed that some people cannot ever be reached. If I was a hedge fund manager or exec I’d quit shaving, dress in flannel shirts & jeans & grow my hair to my ass in the hope of remaining safe from assault.
Haha, the hedge funds played Chicken with the government… and they lost!