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<IMG src="http://www.truthdig.com/images/masthead_newsletter.gif"><p> Hi, <p> I read this on Truthdig and thought you would find it interesting. <p> =-=-=-=-=-=-=<br> Chrysler Heads for the Chop Shop <p>The Treasury Department has cut a deal with the United Auto Workers to send Chrysler into <a href="http://www.nytimes.com/2009/04/24/business/24chrysler.html?_r=1&hp" title="bankruptcy">bankruptcy</a> while protecting retiree benefits, The New York Times reports. Fiat would be in a more favorable position to take a cut of the company once it’s in bankruptcy. Chrysler’s equity stakeholders are shaping up as the big losers in all of this. </p> <p><a href="http://www.truthdig.com/eartotheground/item/20090423_chrysler_heads_for_the_chop_shop/">http://www.truthdig.com/eartotheground/item/20090423_chrysler_heads_for_the_chop_shop/</a> <p> Copyright © 2009 Truthdig, L.L.C. All rights reserved.<br> =-=-=-=-=-=-=<br> This is a one-time mailing from Truthdig, (<a href="http://www.truthdig.com/">www.truthdig.com</a>) on behalf of the sender.<br> Please report any misuse to webmaster-at-truthdig.com <IMG src="http://www.truthdig.com/images/masthead_newsletter.gif"><p> Hi, <p>I read this on Truthdig and thought you would find it interesting. <p> =-=-=-=-=-=-=<br> Chrysler Heads for the Chop Shop <p>The Treasury Department has cut a deal with the United Auto Workers to send Chrysler into <a href="http://www.nytimes.com/2009/04/24/business/24chrysler.html?_r=1&hp" title="bankruptcy">bankruptcy</a> while protecting retiree benefits, The New York Times reports. Fiat would be in a more favorable position to take a cut of the company once it’s in bankruptcy. Chrysler’s equity stakeholders are shaping up as the big losers in all of this. </p> <p><a href="http://www.truthdig.com/eartotheground/item/20090423_chrysler_heads_for_the_chop_shop/">http://www.truthdig.com/eartotheground/item/20090423_chrysler_heads_for_the_chop_shop/</a> <p> Copyright © 2009 Truthdig, L.L.C. All rights reserved.<br> =-=-=-=-=-=-=<br> This is a one-time mailing from Truthdig, (<a href="http://www.truthdig.com/">www.truthdig.com</a>) on behalf of the sender.<br> Please report any misuse to webmaster-at-truthdig.com