With 9 days to go, both sides are far apart. Also with so many lenders I would doubt we see this coming together.
This conflicting view is likely due to several things, such as the fact the larger banks bought or paid full price for billionsof Chrysler bank debt, while smaller holders bought theirs at a steep discount and would likely make a tidy profit even in a quick liquidation of Chrysler, said people involved in the talks.
They are worth more dead now to almost all the small lenders.
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