"jim78565" wrote in message
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HK wrote:
Canuck57 wrote:
"Eisboch" wrote in message
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"HK" wrote in message
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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.


It amazes me how some people can quickly disregard the notion of a binding,
lawful contract when their purposes are no longer served.

I wonder how those of Harry's thinking would feel if they lost a significant
amount of money, say the bulk of their retirement funds, due to a company
going belly-up and, instead of liquidating the assets and distributing them
equally to the stockholders, the assets were instead "given" to another
entity and the stockholders got nothing or next to nothing. They'd be
screaming bloody murder. But that's basically what is being attempted in
the case of Chrysler.

Eisboch