Saturday, May 2, 2009

Lawyers to the left, lawyers to the right

How about a quick bankruptcy for Chrysler? Not so fast, my friends.
The only ones who are going to make money off this deal are the lawyers. If you think the government pressured your bond holder to accept less money than a normal bankruptcy, I see a lawsuit there. I'm not a lawyer, but I'm sure somewhere someone has an idea for successful litigation in this mess.

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