Chrysler to File Bankruptcy

—By

| Thu Apr. 30, 2009 7:58 AM PDT

According to people "familiar with the talks," several of Chrysler's bondholders have rejected the government's deal, which amounted to paying them off a little more than 30 cents on the dollar.  So that means it's probably Chapter 11 time.  Blecch.  I hope the holdouts all end up getting less from the judge than they would have gotten from Obama.

Get Mother Jones by Email - Free. Like what you're reading? Get the best of MoJo three times a week.

Advertisement

 

Photo Essays + Slideshows

kids smoking

Glamorous Photos of Kids Smoking

Frieke Janssens' images of kids and (fake!) cigarettes capture the ugliness and the not-quite-bygone glamour of smoking.

Slideshow: "Enjoy an Ice Cream Cone Shortly Before Lunch"

10 classic ads from the sugar and cereal industries.

Portraits of Addiction

A Manhattan banker shoots portraits of drug abuse, sex work, and homelessness in the Bronx.

Garry Winogrand, John F. Kennedy, Democratic National Convention, Los Angeles, 1

Never Before Seen Photos From Legendary Street Photographer Garry Winogrand

Fourteen amazing scenes of life in America—and hundreds more where that came from.

See All