Bob Dremluk Quoted in Fund Strategy
"Goliath and the Chequebook"

Bob Dremluk was quoted in the May 18, 2009 Fund Strategy article, "Goliath and the Chequebook." The article discussed the bankruptcy of Chrysler and the effect on its bondholders. Bob offered a 30,000-foot perspective on what is at stake in the competing interests of the bondholders of Chrysler. He predicted that as the Chrysler bankruptcy unfolds, we will witness tension between two very equal interests. He noted that there is no neat dividing line between haves and have-nots. He also noted that the denigrated hold-outs are not just greedy vultures, but are pension funds, insurance companies, and others to whom people gave money to invest. Bob explained, “Consider a schoolteacher, who paid money into a pension fund that is now in Chrysler bonds. On the other side, Chrysler workers and union members will lose jobs and funding. As you peel back the onion, both sides demonstrate compelling arguments.”