April 2009
Chrysler LLC Lenders Plan Debt Offer
Chrysler LLC’s lenders are planning to make a counteroffer this week to the U.S. Treasury, which originally asked creditors owed about $6.9 billion to accept $1 billion to keep the auto maker from liquidating. Late Sunday night, the lenders recei...
October 2008
Tom Petters jailed but Lancelot Investment Lent About $1 Billion to Petters Affiliates: Sun Country warns of possible shutdown
In my view, No he didn’t ’steal’ the money. There is no report of him ’stealing’ any money. He and his associates fraudulently induced wealthy people and hedge funds to loan his company money. Most of this 2 billion has b...
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