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To: KLP who wrote (304874)	5/13/2009 1:22:47 PM
From: goldworldnet	1 Recommendation Read Replies (1) \| Respond to of 793963

This is Obama's most anti-business action to date. * * *

To: KLP who wrote (304874)	5/13/2009 4:31:08 PM
From: rich evans	Read Replies (3) \| Respond to of 793963

Article is incorrect. Secured creditors do not have absolute priority. DIP financing is ahead of them and gets paid first. US is only entity willing to put up the bucks to get Chrysler going again in Bankruptcy. Therefore it gets paid back first for its billions of DIP financing and this financing means the secured creditors only get about 30 cents on the dollar if that. This is not a sham sale to Fiat. Chrysler according to its affadavits in the BR case has been trying to sell the company or find a partner for two years and has approached every major car manufacturer and potential investor or buyer without any takers. Only Fiat said they would come in under certain condtitions. Chryslers assets on liquidation would be worth very little. The trash and cleanup costs would be significant. These articles are written by people without the facts or business understanding of the true situation. Rich

To: KLP who wrote (304874)	5/13/2009 6:00:05 PM
From: mph	Read Replies (1) \| Respond to of 793963

bankruptcylitigationblog.com Blog has some articles about the Chrysler BK. Since BK is not my beat, I intend to do some research..........

To: KLP who wrote (304874)	5/13/2009 11:43:24 PM
From: Nadine Carroll	4 Recommendations Read Replies (2) \| Respond to of 793963

By stepping over the bright line between the rule of law and the arbitrary behavior of men, President Obama may have created a thousand new failing businesses. That is, businesses that might have received financing before but that now will not, since lenders face the potential of future government confiscation. The lenders will certainly make a calculation about whether the business seeking credit has friends in high places. If the employees of the business belong to a powerful union, the answer to that is now definitely "yes". Ironic, isn't it, that in attempting to save 60,000 UAW jobs at Chrysler Obama has guaranteed the future loss of so many other union jobs?