Thursday, October 16, 2008

More GM Chrysler Merger Talks

by Calculated Risk on 10/16/2008 06:35:00 PM

From the WSJ:Lenders Eager for GM-Chrysler Deal

General Motors Corp. and Chrysler LLC are picking up the pace on merger discussions as the two sides are seeing strong support from banks and other potential lenders that are eager to see a deal done...

GM ... is aiming to get a deal done as soon as the end of October.
It sounds like the banks that still own Chrysler pier loans are pushing this deal. (Pier loans are bridge loans that couldn't be sold).