Tag Archives: Chrysler

Some Lenders Object, Why Not Others?

20 Chrysler lenders or about 30% of the debt Chrysler owes lending institutions are objecting to getting fleeced in the governments planned “surgical bankruptcy” plan. In a normal bankruptcy the senior secured creditors (the lenders) are first in line, while … Continue reading

Posted in Chris' Page, Domestic Politics, regulation | Tagged , , , , , | 2 Comments

Step Right Up! It’s Your Bailout Too!

I hear repeatedly from our fellow citizens “where is my bailout?” For those who have been wondering the fine journalists at Vanity Fair have found the paperwork so you can begin applying now for, as the application says, “free government … Continue reading

Posted in Domestic Politics, Economics, Humor, Lance's Page | Tagged , , , , , , , , | Leave a comment

…and I want a pony!

Larry Summers and Mark Thoma argue that if done right the bailout will mean we can solve this crisis and still have everything we want, tax cuts, health care spending and all kinds of other goodies. Larry argues: Just as … Continue reading

Posted in Economics, Lance's Page | Tagged , , , , , , | Leave a comment