Another attempt to Privatize Profits, Socialize losses

This is something that is kind of under the radar, but interesting once you scratch the surface. A quick summation is in the negiotiations of the Chrysler situation The US Government agreed to take losses, the UAW agreed to take losses, Management agreed to losses, Fiat agreed to take a hit in the deal. Now a group of hedge fund managers who were invested in Chrsyler tried a drive a hard bargain. They refused to share in the losses on par with the other parties.

They drove a hard bargain asking for more than their fair share with the Obama Administration. The Obama Admin. didn't blink and the agreement came to pass without the support of the Hedge Fund Managers. Now the process is rolling along and the Hedge Fund Managers are crying fowl. There have been headlines to the fact that they were "bullied". (Now just a side note, there preference is to force the company into liquidation. This would probably afford them a few cents on the dollar more return. The cost literally tens of thousands of jobs.) Notice so far all legal rulings have sided with the Obama Admin and with Chrysler. There is no accusation of any laws being broken or bent.

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