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Headlines
Obama backs Chrysler bankruptcy as wise move PDF Print E-mail
User Rating: / 0
Written by Berita Semasa   
Thursday, 30 April 2009

By BEN FELLER,Associated Press Writer

WASHINGTON - President Barack Obama announced Thursday that Chrysler would head into bankruptcy with the aid of up to another $6 billion in taxpayer money, a last-resort attempt to quickly restructure the struggling giant. He blasted hedge-fund creditors whom he said held out for a richer deal.

Last Updated ( Thursday, 30 April 2009 )
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