He’s now demonizing the hedge funds and investment houses.
St. Baraq trying to save the US auto industry.
“a small group of speculators endangering Chrysler’s future”
“He’s now demonizing the hedge funds and investment houses.”
Failing to mention that those hedge funds and investment houses are responsible for investing people’s retirement funds and 401-k’s in those bonds.
Why am I watching him and thinking of Hugo Chavez?
Let him demonize away.
“We have a fiduciary responsibility to all those teachers, pensioners, retirees and others who have entrusted their money to us. We are legally bound to protect their interests. Much as we empathize with Chrysler’s other stakeholders, the capital is just not ours to contribute to their cause by accepting a deal that is outside the well established legal framework and cannot be rationalized as being commercially reasonable. “
These folks are first in line. They have every right to protect their interests. If Obama isn’t happy, so be it.