Bankruptcy

So maybe Chrysler was only worth $2 billion after all

By Stephen Lubben

The WSJ has the details on what the lenders who supported the deal were looking at.  In short, the "analysis suggests that the $2 billion that the Treasury Department agreed to pay to Chrysler?s largest lenders, including J.P. Morgan Chase, Citigroup and Morgan Stanley, to settle a total of $6.9 billion first-lien debt may have been the best deal those lenders could have gotten."

Full post as published by Credit Slips on June 15, 2009 (boomark / email).