To the Point

Chrysler to File for Bankruptcy

At his news conference last night, President Obama said Chrysler might not have to resort to bankruptcy. But several bond-holding hedge funds refused to take less than what they were owed. Today, the President denounced what he called “a small group of speculators.”

By Warren Olney • May 12, 2014 • 1 min read

At his news conference last night, President Obama said Chrysler might not have to resort to bankruptcy. But several bond-holding hedge funds refused to take less than what they were owed. Today, the President denounced what he called “a small group of speculators.” As it files for Chapter 11 bankruptcy, Chrysler will be merging with the Italian company Fiat. Justin Hyde reports from Washington for the Detroit Free Press.

Warren Olney
former KCRW broadcaster
Andrea Brody
Senior Producer, KCRW's Life Examined and To the Point podcast
Karen Radziner
Managing Producer, To the Point & Which Way LA?
Katie Cooper
Producer, 'One year Later'
Justin Hyde
Washington Bureau Reporter, Detroit Free Press

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To the Point

Chrysler to File for Bankruptcy

At his news conference last night, President Obama said Chrysler might not have to resort to bankruptcy. But several bond-holding hedge funds refused to take less than what they were owed. Today, the President denounced what he called “a small group of speculators.”

Share

To the Point

Chrysler to File for Bankruptcy

At his news conference last night, President Obama said Chrysler might not have to resort to bankruptcy. But several bond-holding hedge funds refused to take less than what they were owed. Today, the President denounced what he called “a small group of speculators.”

Share