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Re: [Pen-l] By the way


On Apr 30, 2009, at 2:52 PM, Max Sawicky wrote:

The Chrysler deal leaves some hedge fund dudes who refused to deal at
the station.


Evidently they think they'll do better in bankruptcy court.

Also, there's talk that they had some credit default swaps that pay off in bankruptcy, so they may have wanted this outcome.

Doug
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