Chrysler "bankruptcy" turning out to be another banker-bailout | WHAT REALLY HAPPENED

Chrysler "bankruptcy" turning out to be another banker-bailout

BBC - Lenders object to Chrysler plan -A [unnamed] group representing 20 Chrysler lenders, holding $1bn (£674m) in debt, are set to object to the firm's move into Chapter 11 bankruptcy protection.

"They [Chrysler] say they are going to allocate out and distribute the proceeds of the sale in a way that they couldn't do if they were going to do it under a Chapter 11 plan," said Tom Lauria, a bankruptcy attorney at White & Case, representing a [unnamed] group of secured lenders.

[This whole thing reeks to high hell of another government bailout for bankers. The White House swine behind this deal sent home the Chrysler workers -and then stuck a knife into a huge sack with taxpayer money in it, and said, "Help yourselves," to the banksters again.]

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