Academic

CHRYSLER BAILOUT UPDATE: ?The dissenting lenders led by Oppenheimer Funds and Stairway Capital argu?

By Glenn Reynolds

CHRYSLER BAILOUT UPDATE: “The dissenting lenders led by Oppenheimer Funds and Stairway Capital argued in a New York bankruptcy court that the sale proposal was ‘orchestrated entirely by the U.S. Treasury and foisted upon the debtors.’ A lawyer for the group, Tom Lauria, said some identified publicly in the politically charged reorganization have received death threats ‘which they perceive as being bona fide.’ Those lenders have notified police and the FBI, he said. President Barack Obama called the dissenters ’speculators’ in public criticism last week for refusing to join Chrysler’s biggest banks in a government-brokered deal to wipe out Chrysler’s $6.9 billion debt and move forward with the Fiat alliance.”

Full post as published by Instapundit.com on May 05, 2009 (boomark / email).