re: #99 MandyManners

Hey, Mandy— as a bankruptcy lawyer, I can tell you that it’s illegal. The only way Treasury can roll the bondholders is to get “superpriority” treatment for their post-petition financing from the bankruptcy judge. That’s probably next on their list— squeeze out the holdouts by loaning Chrysler a lot more money that “primes”, i.e., supersedes, the bondholders’ secured positions. If I were the bondholders, I’d litigate this to the U.S. Supreme Court.