Great letter from a hedge fund boss about this newfound unwarranted populous rage toward the hold outs from the chrysler bondholders. People need to understand that if a money manager feels that they can get more money for their investors through a bankruptcy process it is their fiduciary duty to do so. Second, who are investors? They are not billionaire mullah jihadists, they are school teachers, cops, and firemen who have their pensions invested in companies like chrysler. Get a grip Obama. Read here.
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