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Toxicroach: “Only thing today was the identities of the [nine] non-TARP bondholders, and I’m a few hours behind the curve on that (download pdf here). As far as I can tell, [non-TARPies attorney] Uzzi thus far hasn’t filed any exhibits to prove Chrysler is worth more than the $2 billion. Uzzi still has a chance to object, so it might be coming up soon. And not a moment too soon.”
6 Comments on “Today’s Chrysler Court Docs: Non-TARPies Revealed...”
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OMG.. THIS IS GREAT!
http://www.theonion.com/content/video/autoworkers_compete_to_keep_jobs?utm_source=b-section
Here is who we should be doing things… Everyone that gets a bailout becomes a reality show!
As far as I can tell [non-TARPies attorney] Uzzi far hasn’t filed any exhibits to prove Chrysler is worth more than the $2 billion.
And that really is the crux of the matter.
“Uzzi far hasn’t filed any exhibits to prove Chrysler is worth more than the $2 billion.”
Good luck with that!
If only they had failed 10 years ago, I could have gotten them $10B by simply putting out a confusing press release about plans to expand the company using the internet.
Oh well, timing is everything.
“As far as I can tell [non-TARPies attorney] Uzzi far hasn’t filed any exhibits to prove Chrysler is worth more than the $2 billion.”
I should think that the burden of proof would lie with the proponent. How can anyone reach a value opinion without due diligence, which the opponents attorneys and experts have not been in position to perform. Isn’t that reason to hold full hearings, after discovery?
I should think that the burden of proof would lie with the proponent.
Sorry, that’s incorrect.
How can anyone reach a value opinion without due diligence, which the opponents attorneys and experts have not been in position to perform.
Do you really think that the non-TARP bondholders failed to obtain a value opinion prior to purchasing Chrysler debt?
Both sides have their own ideas of what it’s all worth. The question is, who’s right? The fact that no evidence has yet been offered to dispute Chrysler’s valuation is telling, no?