Washington, DC - Congressman John D. Dingell (D-MI15) made the following statement after the U.S. Supreme Court agreed today to further consider the appeal by three Indiana state funds and several consumer groups and thus delay the sale of most of the Chrysler Corporation’s assets to Fiat SpA.

“I am hopeful that the Indiana pension funds will ultimately come to their senses.  By refusing to make the relatively small sacrifices that would avert a calamity, the pension funds will instead create a great catastrophe, which is the same kind of short-sighted thinking that got us into the Great Depression.  Make no mistake: If these pension funds can't see past their own pain, they threaten to create a kind of agony for their state and the nation that is difficult for most people to imagine or condone.  Other stakeholders, including the UAW and other secured lenders, have already sacrificed greatly and now it is time for the Indiana pension funds to step up for the good of its 4,000 Chrysler employees, the good of the state of Indiana and the good of the United States of America.”

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