One ResponseWhile many stakeholders made sacrifices and worked constructively in this process, some did not.In particular, a group of investment firms and hedge funds failed to accept reasonable offers to settle on their debt. In order to effectuate this alliance without rewarding those who refused to sacrifice, the U.S. government will stand behind Chrysler’s efforts to use our bankruptcy code to clear away remaining obligations and emerge stronger and more competitive. “
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LiTtLe bAbY Says:
May 3rd, 2009 at 8:30 amcite your sources! who said this? obama? =)