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jim78565 jim78565 is offline
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Default Chrysler Lenders Must Reveal Identities Today, Judge Rules

HK wrote:
Canuck57 wrote:
"Eisboch" wrote in message
...
"HK" wrote in message
...
Chrysler Lenders Must Reveal Identities Today, Judge Rules


By Tiffany Kary

May 6 (Bloomberg) -- Chrysler LLC dissident lenders have until 10
a.m. today to reveal their identities after a bankruptcy judge
rejected claims that their safety was at risk because of anger over
the automaker’s bankruptcy.

U.S. Bankruptcy Judge Arthur Gonzalez in New York forced the group
to file a list of its members publicly, denying their request to
reveal their identities only to the bankruptcy court. Gonzalez said
yesterday the lenders have no evidence that keeping their identities
private would help protect them. The group seeks to block an auction
of most company assets to an entity managed by Fiat SpA, an outcome
Chrysler said would force it to liquidate, costing thousands of jobs.

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Heads on pikes...

Heads on pikes? For what, wanting to be anonymous due to reactions
like yours?
Although I agree the lender's names should be public, since it's a
public legal action, but I also agree that the secured lenders have a
legitimate claim to the assets. It's up to the BK judge to try to
work out any compromise or agreement, according to law.

Chrysler has unfortunately been dead for years. It's being kept
alive by artificial means and financial manipulation.
Daimler/Mercedes tried to resuscitate it to no avail and dumped it.
Legitimate secured lenders have as much right to claim the assets as
Fiat does, regardless of how you may feel about "saving jobs". In
fact, any interference or manipulation of the bankruptcy court's
proceedings by the Fed may be illegal. This will be interesting to
watch.

Eisboch


Which is really what is going on here. Government and the corrupt are
trying to screw the bond holders. That is, welch on the debt.



Money, property, and investments are no more valuable than life,
liberty, access to health care and a decent job. American workers have
been getting screwed for decades by the monied interests. Where's
*their* ownership/equity? Where? The monied interests destroyed it.


You are such a socialist ass. Someone has to pay for health care and
provide jobs. By "jobs", are you implying work. They are two different
things, you know. Liberty has associated costs too. This push for
socialism is going to be the end of the good ole U S of A if it isn't
stopped. Wake up America. And F. Y. Harry.