"We're getting Pitt-faced!!"
Barney Frank, checking in with a leather belt around his neck (I'm series)PLEASE, NO WAY. Say you were kidding. That's disgusting.
Not to mention how Obama stiffed hundreds of thousands of GM bondholders. While Obama's GM "rescue" gave the UAWs VEBA (Voluntary Employee Beneficiary Association) a 50% recovery in cash along with a 39% stake in a new GM for its $20 billion in obligations, bondholders, who owned more than $27 billion in GM bonds and have the same legal rights as the UAW, only received 10 percent of the restructured company and essentially no cash. The only consolation I can find in Obama's outrageous deal is knowing that at least some of those devalued bonds were held by criminals & thugs, aka UAW bosses.