Indiana state employee union and other pension funds have sued to stop the Chrysler bankruptcy. As you may recall, the white house threatened those bond holders that had senior rights to assets to accept less than unsecured creditors. The actual owners of that debt (pension funds) have now stood up and challenged this tyrannical seizing of assets by the federal government. "Back home again in Indiana"..... So proud of our neighbors to the south!
Posted on June 8, 2009 at 4:30pm