[NeoCaveman]

I guess secured bonds are longer secured at least not when Obama can put unsecured creditors ahead of them.

[Right_in_Virginia]

I guess secured bonds are longer secured at least not when Obama can put unsecured creditors ahead of them.

Let's be clear: the "unsecured creditors" we're talking about are the major contributors to BO and his brown shirts.

I repeat: May God help us.

[Big_Monkey]

"I guess secured bonds are longer secured at least not when Obama can put unsecured creditors ahead of them."

We are now living in a Banana Republic. There's just no other way to describe it.

[Cheerio]

I guess secured bonds are longer secured at least not when Obama can put unsecured creditors ahead of them.

One logical extension of this maybe that there isn't a single contract in the USA that is worth the paper it is written on - if the child messiah in the WH deems it so.