Big banks who've accepted billions in federal bailouts had little choice when President Obama demanded that they take "haircuts" to keep Chrysler in business. But smaller investors, including hedge funds, said no deal, and now Chrysler's reorganizing in bankruptcy court.
Today, It's Chrysler... Tomorrow, GM?
Credits
Guests:
- Neil King - Wall Street Journal - @NKingofDC
- Bruce Belzowski - Research Scientist, University of Michigan Transportation Research Institute
- Dan Neil - Wall Street Journal - @Danneilwsj
- John McElroy - Host, 'Autoline Detroit'