{"id":10492,"date":"2009-05-01T00:00:00","date_gmt":"2009-05-01T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"in-chrysler-saga-hedge-funds-cast-as-prime-villain","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2009\/in-chrysler-saga-hedge-funds-cast-as-prime-villain.html","title":{"rendered":"In Chrysler Saga, Hedge Funds Cast As Prime Villain"},"content":{"rendered":"<p>President Obama&#8217;s harsh attack on hedge funds he blamed for forcing Chrysler into bankruptcy yesterday sparked cries of protest from the secretive financial firms that hold about $1 billion of the automaker&#8217;s debt. <\/p>\n<p> Hedge funds and investment managers were irate at Obama&#8217;s description of them as &quot;speculators&quot; who were &quot;refusing to sacrifice like everyone else&quot; and who wanted &quot;to hold out for the prospect of an unjustified taxpayer-funded bailout.&quot; <\/p>\n<p>&quot;Some of the characterizations that were used today to refer to us as speculators or to say we&#8217;re looking for a bailout is really unfair,&quot; said one executive who spoke on condition of anonymity because of the sensitivity of the matter. &quot;What we&#8217;re looking for is a reasonable payout on the value of the debt . . . more in line with what unions and Fiat were getting.&quot; <\/p>\n<p>  <a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2009\/04\/30\/AR2009043004141.html\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Obama&#8217;s harsh attack on hedge funds he blamed for forcing Chrysler into bankruptcy yesterday sparked cries of protest from the secretive financial firms that hold about $1 billion of the automaker&#8217;s debt. Hedge funds and investment managers were irate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1570,2418,4870,3847,2557,4021,10703,11128,5297,2059,10990,4324,4477,2485],"class_list":["post-10492","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-1-billion","tag-anonymity","tag-automaker","tag-bailout","tag-bankruptcy","tag-chrysler","tag-fiat","tag-harsh-attack","tag-investment-managers","tag-obama","tag-protest","tag-quot-quot","tag-speculators","tag-unions"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10492"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10492\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}