Sunday, May 3, 2009

What happens next

The Atlantic's economic blogger Megan McArdle takes a look at the Chrysler situation and doesn't like what she sees. Especially if the hedge funds give into the President's demonization of them.
And if you were a rich people, how would you react to the news that a hedge fund manager who had a senior lien had refused to allow his claim to be treated like unsecured debt in a bankruptcy? Would you be outraged and pull your money?

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