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Posted on 05/26/2009 7:58:37 PM PDT by Shellybenoit
Remember the Chrysler "hedge fund investors" that President Obama berated on national TV? Among these people labeled as "no goodniks" by the President were organizations such as the the Indiana State Teachers’ Retirement Fund, and the Police retirement fund. The President of the United States was trying to intimidate retired teaches from exercising their rights as primary investors. That's the politics of change, screw a bunch of retired teachers to reward the UAW for helping you get elected.
Now that GM is nearing its bankruptcy a new group of investors are about to get the Presidential screw. Unlike the Chrysler investors, these are individuals, who put their retirement funds into General Motors' bonds. Under the President's plan the rights of these individual investors rights will be trampled upon for Obama to reward his UAW buddies. Below is the story of one of those individual investors, a retired trade worker from Warren, Mich:
(Excerpt) Read more at yidwithlid.blogspot.com ...
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