It’s more than the immediate overhang of Chrysler debt; it’s the preception by the markets that the government was changing it’s behavour.
There is also the burden on Ford and to a lesser extent of all other business borrowers as a result of the way that the administration shafted GM and Chrysler’s senior creditors.
There is also the burden on Ford and to a lesser extent of all other business borrowers as a result of the way that the administration shafted GM and Chryslers senior creditors.
I'm afraid we're not communicating.
I was responding to a question about the 1979 loan guarantee issued to Chrysler when Iaccoca was the CEO.
You appear to be addressing the Obama administration's bankruptcy shenanigans of a more recent vintage.