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To: Giordano Bruno who wrote (385145)4/29/2009 7:22:35 PM
From: MythMan  Respond to of 436258
 
why am I not liking this? Their cars suck..hello??

>>The Treasury Department has sweetened its offer to holders of Chrysler’s secured debt in a last-minute attempt to keep the iconic American automaker out of bankruptcy court, according to people briefed on the matter.

To win over several hedge funds, who have been holding out for better terms, the Treasury increased its cash offer by $250 million, to $2.25 billion, these people said. If all of the secured holders agree to the new deal, which would give them the cash in exchange for retiring about $6.9 billion of debt, Chrysler may be able to stay out of bankruptcy court.<<

nytimes.com