[Big_Monkey]

"NOBODY WILL EVER BUY ANOTHER CORPORATE BOND."

The average American can't begin to understand the vitally important role that corporate bonds play in the growth and viability of American companies.

This will have an incredibly negative impact on business in America.

[tioga]

stick a fork in capitalism, it just died.

[Sundog]

I do believe the end justifies the means, as you so circuitously pointed out.

Who stands to gain?

[NoobRep]

The precedent has now been set by the SCOTUS that contract law can be overriden at any time. Investors will look for other places and vehicles to park their money in.

[Cheerio]

The average American can't begin to understand the vitally important role that corporate bonds play in the growth and viability of American companies.

Even more important is that almost all Americans have no idea in the Chrysler case what it meant to be a "secured" bond holder. It's those evil RICH people, and this attitude is fostered right up there in the Head Shed. I have most of my retirement in bonds, but once hyperinflation kicks in shortly I don't know where to invest. I will not purchase bank CDs at 1-1/2% all run by the WH Czar for banking.

[DBrow]

“This will have an incredibly negative impact on business in America.”

Yeah, it’s like one of the kingpins of capitalism was destroyed overnight.

You’d think that the Obama admin had read Das Capital and believed in it!