Chrysler Bankruptcy Could Cost Everyone More

Discussion in 'Economy' started by Toro, Jun 14, 2009.

  1. Toro
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    Toro Diamond Member

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    The Obama administration's circumvention of the traditional bankruptcy process to favor his backers in the UAW may have unintended consequences that will raise interest rates for everyone, from mortgages to credit cards to auto loans, etc.

    Creditors Cry Foul at Chrysler Precedent - WSJ.com
     

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