Judge lets Chrysler access $4.5B in government loans; Some lenders oppose decision hoping they could make more money from a liquidation

• Published in: Kitchener-Waterloo record
• Main Author: Tomoeh Murakami Tse
• Format: Newspaper Article
• Language: English
• Published: Kitchener, Ont Torstar Syndication Services, a Division of Toronto Star Newspapers Limited 05.05.2009
• Subjects: NEW YORK

Judge Arthur Gonzalez's ruling came at the end of a daylong hearing during which attorneys for some of Chrysler's lenders argued that he should deny the request for financing. The rest of Chrysler's secured lenders, dominated by several large banks that have received government assist...