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Chrysler lenders oppose latest deal

A Chrysler sign outside of a dealership in Los Angeles.

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About the author

Steve Chiotakis was the host of Marketplace Morning Report until January 2012.
Ned D.'s picture
Ned D. - May 1, 2009

This whole Chrysler battle is epic. Fasicnating to watch.

The lenders who are causing the trouble have lost their minds. They're mostly vulture funds, which are less popular than say, Bernie Madoff. Who is going to take their side?

I guess the lesson is that if you make a living by picking over corpses, you better make sure your prey is dead first or it may bite you back!