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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Did Chrysler Secured Lenders Get a Raw Deal? | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="BIFJWAcxYp"&gt;&lt;a href="https://www.nakedcapitalism.com/2009/05/did-chrysler-secured-lenders-get-raw.html"&gt;Did Chrysler Secured Lenders Get a Raw Deal?&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2009/05/did-chrysler-secured-lenders-get-raw.html/embed#?secret=BIFJWAcxYp" width="600" height="338" title="&#x201C;Did Chrysler Secured Lenders Get a Raw Deal?&#x201D; &#x2014; naked capitalism" data-secret="BIFJWAcxYp" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>As readers may know, secured lenders make loans against which specific assets are pledged. For consumers, mortgages and car loans are examples. If you default, the lender can seize the asset and sell it to try to recoup. In bankruptcy, secured lenders are normally the top of the food chain, but in the Chrysler bankruptcy, [&hellip;]</description></oembed>

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