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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (482961)	5/23/2009 2:12:02 PM
From: tejek	Respond to of 1573904

"Premium investors will demand to account for the possibility exists that Obama will steal their money." Nonsense. If any of the investors truly thinks that Chrysler is worth more than the $2 billion the government is offering, why don't they make a counter-offer? Of course, the government may not loan them the $30 billion they are promising, but that only means it is only worth more if the loan comes through. What's interesting is that the BK judge ended up giving the senior creditors a deal that was slightly less or about the same as what the feds offered prior to BK. The other point I find almost humorous is that these guys feel the need to defend hedge and pension funds. These funds have millions and billions at their disposable and are more than capable of defending their positions legally.