Read a little. Learn a lot. • Tightly-written news, views and stuff • Follow us on TwitterBe a Facebook FanTumble us!
 

Posted on May 8, 2009 | tags

 
 

Biz, U.S.: Jerks causing Chrysler bankruptcy drama stop being jerks

  • The fact simply is … our group has become too small to have a voice within the bankruptcy.
  • Stairway Capital Management • In a statement about leaving the small group of “Non-TARP Lenders,” which complicated Chrysler’s life and helped lead to their bankruptcy. Larger fund OppenheimerFunds Inc. also backed down, leaving a much smaller group of investors opposed to the Obama administration’s plan to restructure the automaker’s debt. • source