August 16, 2010

Obama And General Motors

[From article]
"A terrible precedent has been set.
[. . .]
the administration misappropriated the federal government's vast power and ignored long-standing bankruptcy law to reward its supporters at the expense of the less powerful?
[. . .]
It was political bullying at its worst -- an arbitrary action befitting a banana republic, and deeply unfair to small investors who expected their lawmakers to play by the rules."

http://www.nypost.com/p/news/opinion/opedcolumnists/model_corruption_ttyHIpNuoQRwVTkBZuhHeM

Model corruption

The truth about the GM 'rescue'

Last Updated: 10:31 AM, August 13, 2010

Posted: 11:48 PM, August 12, 2010

No comments: