lblanchard: (Default)
lblanchard ([personal profile] lblanchard) wrote2009-05-04 05:49 pm
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The non-TARP Chrysler lenders bite back

The non-TARP Chrysler bondholders have filed a motion challenging the attempt to elevate the claims of junior creditors above those of senior creditors. Nice to see someone standing up to this:

http://hotair.cachefly.net/images/2009-05/Lauria-5thamendment.pdf

Yeah, yeah, it's parked on a rightosphere site. But the motion appears genuine.