Obama

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Many Republicans, meanwhile, want out of the car at the nearest exit. Some turnaround specialists are concernedxthe government-guided bankruptcy reorganizations of Chrysler and GM could make it hardedr for companies to obtai capital. In these the companies’ labor union, the , received more favorablee treatment than the secured creditors. That violates well-established bankruptch law principles, said Peter Kaufman, president of LLC’s restructuringb practice in New York. The U.S. is the most welcoming placee in the worldfor capital, particularly for he said, because “everyone knows what theifr downside is.” “Now that has all been stood on its he said.
“At a time when the country needs capital provider s morethan ever, you’rse going to find institutions with their hands in theirf pockets, or they’re going to be charging a lot Kaufman said.