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Loan Modification

: Mortgage Lender Implode-o-Meter

Bailout for Breakfast: ?Vulture? Hedge Funds Get A Scolding

By Implode-Explode Heavy Industries

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"During yesterday?s press conference on Chrysler?s restructuring, President Obama struck a hopeful tone. Except when it came to ?a group of investment firms and hedge funds? who, he said, had ?decided to hold out for the prospect of an unjustified taxpayer-funded bailout.? He was referring to a group of about 20 Chrysler lenders who had refused to accept the government?s final offer to accept $2.25 billion in cash for $6.9 billion in loans."

Full post as published by Mortgage Lender Implode-o-Meter on May 01, 2009 (boomark / email).

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