Actually the Hedge funds bought insurance on the bonds in case of bankruptcy. So they are protected.
Everyone else BUT the Hedge funds took a cut and the Unions gave back a lot in exchange for a reward IF Chysler pulls through. It is called incentive. Dick your name is appropriate. On Apr 30, 7:00 pm, dick thompson <[email protected]> wrote: > Between the unions and the hedge funds who own a lot of the paper on > these auto companies Bambi might just have some problems. Last I read > he was trying to get the hedge fund people to take 29% on the > investments. The problem with that is that the people who provide the > capital the hedge funds invested are precisely the people Bambi needs to > invest in all his make-work fantasies. > > VT VirtualTruth wrote: > > The problem is a mirror image to the bank bailout when the financial > > institutions > > got bailout money from the Treasury with no strings attached and used > > the money to pay the unearned bonuses to the idiots who bankrupted > > the > > financial institution. Bush did nothing to stop this. > > > Obama will not allow the same thing to happen with the Auto Bailout. > > He will > > not allow the > > > On Apr 30, 5:01 pm, dick thompson <[email protected]> wrote: > > >> Love the one about does the US even need an auto industry - can't you > >> just see the UAW on that subject!! > > >> [ Attached Message ]From:NYTimes.com > >> <[email protected]>To:[email protected]:Thu, 30 Apr 2009 > >> 16:39:14 -0400Local:Thurs, Apr 30 2009 4:39 pmSubject:Afternoon Update: > >> 'Surgical' Bankruptcy Is Set for ChryslerTo view the latest headlines on > >> your mobile device, go tohttp://m.nytimes.com/Ifyou have trouble reading > >> this e-mail, go tohttp://www.nytimes.com/afternoonupdate Thursday, April > >> 30, 2009 > >> Compiled 4 PM E.T. TOP STORIESAdvertisement‘Surgical’ Bankruptcy Is Set > >> for Chrysler > >> By MICHELINE MAYNARD > >> The U.S. will provide financing during the bankruptcy proceeding, which > >> President Obama said would be “quick, official and controlled.”A Primer on > >> a Chrysler Bankruptcy > >> By MICHELINE MAYNARD > >> How the first bankruptcy for a major automaker since Studebaker in 1933 is > >> likely to play out.ROOM FOR DEBATEDoes the U.S. Need an Auto Industry? > >> By THE EDITORS > >> Many industries have moved to other countries. Robert Reich and others on > >> whether the car industry is different.Fort Worth Closes Its Schools as > >> Swine Flu Spreads in U.S. > >> By LIZ ROBBINS > >> As the number of confirmed cases in the U.S. rose to 109, Fort Worth > >> became the nation’s first major city school district to close.No Racial > >> Gap Seen in ’08 Vote Turnout > >> By SAM ROBERTS > >> The historic gap between blacks and whites in voter participation > >> evaporated in last year’s presidential race, according to an analysis > >> released today.•NYTimes.com HomepageBack to TopBUSINESSOPINIONSlide Show: > >> Chrysler > >> A visual history, from the 1924 Chrysler Six to the 1968 Plymouth Road > >> Runner to the bankruptcy announcement today.A Turning Point for Voting > >> Rights > >> Has race discrimination in voting changed so sufficiently that we no > >> longer need a central piece of the Voting Rights Act?BUSINESSABC Will Add > >> Its Shows to the Video Site Hulu > >> By BRIAN STELTER > >> ABC announced it would join NBC and the News Corporation as a partner in > >> the joint venture with Hulu, the popular video Web site.Stocks Give Up > >> Early Gains > >> By JACK HEALY > >> Wall Street slouched toward neutral territory as investors weighed how > >> Chrysler’s bankruptcy filing would ripple through the financial > >> system.Consumer Spending Slipped in March > >> By JACK HEALY > >> The consumer spending and income growth data indicate that the economy is > >> still struggling to emerge from the recession.Lower Oil Prices Trim > >> Exxon’s Profit > >> By JAD MOUAWAD > >> Exxon’s first-quarter net income fell 58 percent to $4.55 billion as oil > >> prices plummeted and the company increased spending as it tries to expand > >> production.Senate Rejects Judicial Power to Lower Home Payments > >> By REUTERS > >> The Senate rejected an amendment that would have granted bankruptcy judges > >> the power ease a homeowners’s monthly payments and save them from > >> foreclosure.•More Business NewsBack to Top About This E-Mail > >> You received these headlines because you are subscribed to Afternoon > >> Update from NYTimes.com. 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