Tuesday, May 12, 2009

Obama Checks Chrysler's Tires

Looks like they needed inflating....

"Bondholders drop fight against Chrysler" by Bree Fowler, Associated Press | May 9, 2009

NEW YORK - The lenders he represented, and others, felt undue pressure from President Obama's administration to accept the deal. The group eventually came to the conclusion that there weren't enough of them to "withstand the enormous pressure and machinery of the US government."