Friday, October 19, 2012

- "Saving"... The Car Companies

Meet Indiana Senate Candidate Richard Mourdock who was involved in the Chrysler bankruptcy negotiations in his capacity with the Indiana Treasurer's office.

Here he's telling a story of an all knowing government abusing it's might and influence, violating legal contracts, and in the process, trampling the rights of ordinary Americans who were punished so President Obama could reward his friends in the United Auto Worker's union.

This deal (and the larger one for GM) was always a travesty - many of us in the finance industry have said so. It was a forced deconstruction of the very fabric upon which our entire society is based. But getting it first hand from someone whose job it was to look to the interests of the teachers and Policemen who inevitably got screwed in this deal, is really something.

HT: Veronique De Rugy in The Corner.

3 comments:

chess said...

Cant listen. Bondholders got bent over that day and we have been bent over since.He will go down in history as the worst Prez since Carter.. And thats dissin Carter

chess said...

God please let us have some integrity in the WH. Please Lord.


OBAMA ON COMEDY CENTRAL: 'WHEN FOUR AMERICANS GET KILLED, IT'S NOT OPTIMAL'



Mother of slain ex-SEAL: 'My son is not very optimal, he is very dead'...

Keith said...

This video is very disturbing. I knew viscerally but superficially how the investors got stuck. This brings clarity. Obama makes me sick. How is it possible people vote for such a man?