Chrysler at Odds with Indiana State Treasurer

Is it possible that the Republicans have figured out that two can play the game of claiming assets on the cheap.
clipped from
NEW YORK, May 25 (Reuters) – U.S. automaker Chrysler on
Monday slammed Indiana State Treasurer Richard Mourdock as
making demands that would ultimately push the carmaker into
liquidation — resulting in the loss of more than 4,000 jobs
and 9,000 retiree pensions in Indiana alone.
Mourdock, who oversees pension funds invested in Chrysler
debt, has objected to Chrysler LLC’s plan to quickly sell
itself in bankruptcy, claiming it is a dangerous path that
would hurt pensions for thousands of his state’s retirees.
The Indiana pension funds have filed court papers
requesting that an examiner be appointed to investigate
Chrysler’s business decisions, and that the company be placed
in the hands of a Chapter 11 trustee who can act independently
of the government.
Chrysler claimed in a statement on Monday that Mourdock, a
Republican, is willing to put Chrysler in liquidation over less
than 1 percent of the three funds’ assets.
  blog it

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