Chrysler Bankruptcy Re-organizationHere is a short video of Obama speaking about the Chrysler Bankruptcy and how they will be working with Fiat to re-structure the company. Hedge funds were slammed for holding out for better terms and contributing to the bankruptcy of Chrysler. It seems odd to slam hedge funds for poor returns and then slam them again for standing up for their investors and trying to get more than 30 cents to the dollar on their loans. Another interesting quote from the video "this bankruptcy is not a sign of weakness." If you are reading this article via our daily hedge fund newsletter please click here to view the embedded video below.
Here is a second video on "the hedge fund hold outs"
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