Many blame last week’s Chrysler bankruptcy on the fact that Chrysler is a shit company. They are wrong! It was really a group of hedge funds, holding large swaths of Chrysler debt, that rejected the administration’s settlement offer of a 33 cents-on-the-dollar payout and thus threw the company into its current quickie “nooner” of a Chapter 11 filing. These twenty-ish hedge funds — who call themselves, retardedly, the “Chrysler Non-TARP Lenders,” making them Moral — are trying to score a better deal in bankruptcy court. These terrible people! SO TERRIBLE are these people that they filed a motion in court to have their names sealed, because apparently, what’s this, the public is mad at them for bankrupting a massive company out of greed? They’ve received death threats! And as the Non-TARP Cocksuckers’ court motion reveals, the threats have come from… dumb slob commenters on the Washington Post website. MORE »
Tags: bankruptcy, chrysler, hedge funds, internet, then don't read the comments, TARP, washington post
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