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Hedge Funds Object to Chrysler Deal

Auto Industry

By Imogen Rose-Smith
June 2009

Keywords: hedge funds, Chrysler, auto industry, cars, Chrysler deal, bailout, bankruptcy, chapter 11, bondholders, lenders, financing


General Motors Corp., the biggest of Detroit’s Big Three automakers, filed for bankruptcy without the public spat between lenders and the White House that added so much drama to the filing of its smaller rival Chrysler. But that doesn’t mean loan market participants are ready to kiss and make up with the Obama administration, which is in the process of bailing out the U.S. auto industry....

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