We do give a tinkers cuss, JasonC, and that’s why we defend them. Yes, that may be what they want — why wouldn’t they. What we want is one law for all men. Not one man dictating the law to all.
When a business enterprise puts conditions on an $8 billion loan, it is not a departure from your sainted rule of law. It is simply business. The US treasury is a business enterprise in this sense, and it can act like any of them. It made a deal with two car companies, a union, and a whole consortium of banks, and a few bondholders want to hold the entire deal to squeeze out another nickel. That is precisely all that is going on. And the US treasury is quite right to use every ounce of leverage it has to tell them to take a flying leap. It doesn't have to lend the new company one dime, and if it doesn't none of those bondholders will get a red cent, and they know it.
The level of crass ideological stupidity around here is just staggering.