POLITICO-Congress blames hedge funds for bankruptcy

Newswire

By Lisa Lerer WASHINGTON, April 30 (POLITICO) - Michigan lawmakers blamed hedge funds - not the Obama administration - for forcing Chrysler into bankruptcy proceedings. "Bankruptcy is only required today because of the greed of a few hedge funds that held a fraction of Chrysler's debt," said Rep. Candice Miller, (R-Mich.) "President Obama today stated that he did not stand with these hedge funds and neither do I." Lawmakers said that hedge funds and other non-bank financial ...

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