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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.
April 22, 2009
DETROIT — Banks and hedge funds that hold $6.9 billion in Chrysler LLC debt have proposed forgiving $2.5 billion of it in exchange for about a 40 percent stake in a Chrysler-Fiat alliance, according to two people briefed on the proposal.
One of the people said the lenders delivered....
