Bailout for Breakfast: ‘Vulture’ Hedge Funds Get A Scolding

"During yesterday’s press conference on Chrysler’s restructuring, President Obama struck a hopeful tone. Except when it came to “a group of investment firms and hedge funds” who, he said, had “decided to hold out for the prospect of an unjustified taxpayer-funded bailout.” He was referring to a group of about 20 Chrysler lenders who had refused to accept the government’s final offer to accept $2.25 billion in cash for $6.9 billion in loans."