US may recover little of $4 bln Chrysler loan-source


WASHINGTON, April 30 (Reuters) - The U.S. government will likely recover only a small portion of the $4 billion it loaned Chrysler LLC in December because of its mainly junior creditor status in bankruptcy, an Obama administration official said on Thursday. "Among the stakeholders that will make sacrifices is the U.S. government," said the official after Chrysler filed for Chapter 11 bankruptcy protection in New York. "Unfortunately, those loans were made to an overleveraged capital ...

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