11 May 2009

To Disagree III

This is a timeline of how the government worked on holders of secured Chrysler debt.

As I've mentioned here and here, I'm uncomfortable with the government's lack of respect for bondholders. It will have a negative impact on the ability of companies to raise debt capital.


This is a great article on the Chrysler situation, specifically the legal implications of what the government has proposed in the bankruptcy,

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