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.

“There’s no evidence that authorities found the threats bona-fide,”
Gonzalez said, questioning whether the group was trading in and out of
Chrysler’s debt. He was told the group is a mix of original debt holders
and parties who bought the debt at different prices.

Hedge funds have been denied bids to keep their identities confidential
in other cases, amid concerns about whether short- term trading
interests or credit default swaps give them conflicts of interest in
bankruptcy proceedings. Gonzalez compared his ruling to a 2007 decision
from U.S. Bankruptcy Court Judge Allan Gropper, who forced a group of
hedge funds that invested in Northwest Airlines Corp. to fully disclose
the size of its members’ stakes in the carrier.

- - -

Heads on pikes...

"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.

- - -


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

On Wed, 6 May 2009 07:09:17 -0400, "Eisboch"
wrote:


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.

Yes. The bankruptcy court is bound by limits of law, but the judge
does have some discretion.
He may rule for those that Obama showed disdain for.
We don't want the executive unduly influencing the judiciary,
as has happened in past Presidencies.
Not naming names here.
I wonder if any of the creditors are insured against these losses.
By AIG, or is it AIU, or have they renamed it again.

--Vic

On May 6, 7:09*am, "Eisboch" wrote:
"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.

*- - -



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- Hide quoted text -

- Show quoted text -

It's obvious that Harry knows nothing about business. His idea of big
business is letting the government do anything and everything. And no,
that's not necessarily liberal thinking, it's dark ages thinking.

Eisboch wrote:

"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.

- - -


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



Sorry, I have no sympathy for wealthy hedge funders, currency
manipulators and their ilk.

"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.

- - -


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. If the
courts don't uphold the bond holders right to secured property and a fair
shake, then you might as well hang a shingle out saying "In America we don't
pay our debts" and get the sub-zero credit rating cast in stone.

There isn't a liquidity crisis, there is a shortage of people paying their
debts dropping the nations credit rating. Government needs to support and
not try to end run debt laws.

But then, government is the biggest default debtor in the land. Scary
thought.

"Vic Smith" wrote in message
...
On Wed, 6 May 2009 07:09:17 -0400, "Eisboch"
wrote:


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.

Yes. The bankruptcy court is bound by limits of law, but the judge
does have some discretion.
He may rule for those that Obama showed disdain for.
We don't want the executive unduly influencing the judiciary,
as has happened in past Presidencies.
Not naming names here.
I wonder if any of the creditors are insured against these losses.
By AIG, or is it AIU, or have they renamed it again.

--Vic

I don't think the judge has much of a choice, bond holders deserve a better
shake. The debtors can't just wave a wand and forget about the money they
owe and the prperties they pleged to bond holders. They should be told
their fanatasies are sociopathic and corrupt.

It is also why as an investor I will not touch an instrument in North
America that involves mortgages, debt, loaning, bonds you name it. Even
money markets, I stear clear. As GM & Chrysler are not the only ones in
default, governments too are increasingly in this pickle.

They should just roll GM & Chrysler into chapter 7, sell everything off and
pay out the debts per common everyday bankruptcy law. Someone will buy GM &
Chrysler without the baggage and turn it around.

Debtors need a wakeup call. Lets hope the courts stick up for decency and
Obama does not sell out the taxpayer too much in the process.

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.

- - -

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.

Canuck57 wrote:
"Vic Smith" wrote in message
...
On Wed, 6 May 2009 07:09:17 -0400, "Eisboch"
wrote:


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.

Yes. The bankruptcy court is bound by limits of law, but the judge
does have some discretion.
He may rule for those that Obama showed disdain for.
We don't want the executive unduly influencing the judiciary,
as has happened in past Presidencies.
Not naming names here.
I wonder if any of the creditors are insured against these losses.
By AIG, or is it AIU, or have they renamed it again.

--Vic

I don't think the judge has much of a choice, bond holders deserve a better
shake.

Why should bond holders deserve better than workers who have been turned
out of their jobs because of the crooks on wall street and in banking?

On May 6, 7:09*am, "Eisboch" wrote:
"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.

*- - -



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

Maybe if they hadn't put their goofy-looking mustachioed leader in the
ads, and built something earlier that people actually LIKED...this "
might " have not happened. Their designers were grasping at straws.
The only thing people seem to want, is the retro Challenger R/T. I've
heard a rumour that people are paying 10,000 OVER list " just to get
one ".