Originally Posted By: thedoctor
http://news.yahoo.com/s/ap/20090501/ap_on_bi_ge/us_chrysler
 Quote:
One lender, OppenheimerFunds Inc., said it rejected the government offer because it "unfairly asked our fund shareholders to make financial sacrifices greater than the sacrifices being made by unsecured creditors."


So, I know the Dem talking points is that they were greedy and wanted more federal bailout money; but that ain't so.


They had no problem asking for more bailout money than what the government was offering.
 Quote:
...
The Offer

Obama’s team first offered secured lenders $2 billion for $6.9 billion in loans, then raised the offer to $2.25 billion. In a game of chicken, the holdouts asked for $2.5 billion yesterday, and Obama’s patience ran out. Many dissidents paid from 50 cents to 70 cents on the dollar for their Chrysler loans, so they’re sitting on losses, according to people familiar with the matter.

“They were hoping that everybody else would make sacrifices and they would have to make none,” Obama said. “Some demanded twice the return that other lenders were getting.”
...

Bloomberg

Fair play!