POLITICO-Hedge fund managers blamed for bankruptcy

Newswire

By Lisa Lerer WASHINGTON, April 30 (POLITICO) - Michigan lawmakers blamed hedge fund managers - not the Obama administration - for forcing Chrysler into bankruptcy proceedings Thursday. "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 a group of 40 hedge funds and other ...

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