Community | April 30, 2009 | 0 comments

Chrylser Lender Talks Collapse; Bankruptcy Likely

source: http://www.wcbs880.com/pages/4301571.php?

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Talks between Chrysler LLC's lenders and the Treasury Department to reduce the automaker's $6.9 billion in secured debt and keep it out of bankruptcy protection have disintegrated, a person familiar with the talks said early Thursday.
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