All the angry hedgefunders who are crying about the socialism of the mean president who forced them to accept a deal in the Chrysler bankruptcy so that he could repay his union buddies for their support should cheer up just a little: the union is getting hosed too!
this whole deal is quite simple: The value of the company is so shot out that the only entity available (NOT willing or able) is the union and the US. So Puhleeze...no hedgefund, pension fund, or venture fund has any interest in getting all Chryslered --it is a bad investment--until the union and the US pour their blood and equity into the deal.