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To: okie01

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.


52 posted on 06/12/2012 2:57:41 PM PDT by Lonesome in Massachussets (The Democratic Party strongly supports full civil rights for necro-Americans!)
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To: Lonesome in Massachussets
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.

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.

53 posted on 06/12/2012 5:09:04 PM PDT by okie01
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