Tag: chrysler
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econocrash updates: derivatives, threats & debts
video: federal reserve cannot account for $9 trillion*US foreclosures hit record for 2nd month*economists’ letter says what went wrong*fdic, jpmorgan seek ouster of wamu stakeholder suit*obama releases tax increase playbook*wash gov ok’s tax cut for newspapers*treasury asks for control of derivatives market*sony suffers 1st annual loss in 14yrs*gm & chrysler to cut up to 3,000…
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econocrash: chrysler files for bankruptcy, will get $8b more
from reuters: Chrysler LLC filed for bankruptcy on Thursday after talks to restructure its debt with lenders broke down. Despite intense negotiations over the past few weeks, Chrysler failed to gain the full support from its lenders to avoid the first-ever bankruptcy filing by a major U.S. automaker. At the same time, Chrysler as expected…