Quote Originally Posted by preferredduck
and the investors walk away without paying a penny back and keep all the money in their pockets and will always be rich.
You might want to recheck your facts. The investors are also getting royally screwed and the only winners in this deal is the union leadership. The unions owned 10% of the bonds sold by Chrysler, yet under the govt forced bankruptcy they are getting a 55% share. The individual and institutional investors are receiving $.30 on the dollar for their investment.


Dont worry about facts though, they are just meaningless drivel anyways.