http://news.yahoo.com/s/ap/20090430/...ge/us_chrysler

These funds should be outlawed. They buy the debts of the companies, take out insurance from places like AIG against their losses, then let the company fail. Then they collect the insurance money, and write off the original debt as a loss, thus never paying any tax. Meanwhile, the hedge fund owners make millions off the company they drove into the ground, with no reguard for the livelyhoods and careers they destoyed.

Hopefully they wont get a cent from this bankruptcy. They should be illegal, but thanks to Reagan, they were brought back from the dead during his presidency. We're still feeling the effects of his legacy, 11 years later.