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To: Tublecane
No State shall...pass any...Law impairing the Obligation of Contracts

Wow, didn't that just get thrown out the window with GM, and Chrysler?

12 posted on 06/05/2009 12:17:47 PM PDT by itsahoot (Each generation takes to excess, what the previous generation accepted in moderation.)
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To: itsahoot

“Wow, didn’t that just get thrown out the window with GM, and Chrysler?”

Oh, but the bondholders agreed to it willingly. Or...uh...35% of them did. We didn’t pressure them or anything.

As for the AIG executives, we scared them a little with pitchforks and vague criminal charges. But it wasn’t at the point of a gun...literally.


15 posted on 06/05/2009 3:09:02 PM PDT by Tublecane
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