Thursday May 24, 2012

JAPAN NEWS AND DISCUSSION

Chrysler lenders try to block Fiat deal in court

Business May. 05, 2009 - 04:00AM JST ( 4 )

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MolenirMay. 06, 2009 - 12:57AM JST

Yes, its not fair that the funds want to get back more then 29 cents of every dollar they invested. Its not fair! Fair to who? The people who invested in those funds? Yeah, I think its completely understandable they want more of their money back. In fact I'm surprised so many groups have already rolled over on this issue.
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MolenirMay. 06, 2009 - 10:25AM JST

In fact I'm surprised so many groups have already rolled over on this issue.

Actually, I have to take this back. Considering the style of politics where Obama comes from, where bribery and intimidation are the rule of the day, and with more and more evidence coming out of the threats and intimidation these CEOs are getting from the White House, I'm not surprised at all that these groups are caving into the pressure.
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usaexpatMay. 06, 2009 - 11:28PM JST

Well investment carries risk so no sympathy. If the money isn't paid to suppliers then the deal falls apart. Since Chrysler is feeding at the government's table it's in the taxpayers interest to see this deal work and make Chrysler profittible again.
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Good_JorbMay. 07, 2009 - 01:37AM JST

The investors made a poor investment in Chrysler. If Chrysler had be let go and became bankrupt like it should have, the investors/bond holders would have been up a creek without a paddle.