re: #1095 avanti

The Fiat deal means the tax payers get their money back first, now it’s up to Fiat and Chrysler to make a go of it. Some of the bondholders were holding out for a better deal, expecting even more bailout money, and the government called their bluff with the structured bankruptcy.

Actually I read that the opposite way. The bondholders were upset because the union gets the lions share of physical assets and they had to settle for 30 cents on the dollar. I suspect they will get more than 30 cents on the dollar in court.