/sarc
The lamestream media Obama cheerleaders just parrot his ‘evil hedge funds’ line, while totally ignoring the rule of law. Yesterday the Senate narrowly defeated the ‘cram down’ bankruptcy provision which would have given judges the right to screw the holders of mortgages of people who filed for bankruptcy. The left has no regard for law when it comes to contracts, but they do not realize the unintended consequences will be a diasaster for our country.
Does anyone seriously think China or the Arabs will continue to buy our debt if they think the terms and amounts can be changed by the whim of Obama? Of course not, which is why long term interest rates are spiking upward in spite of hellicopter Ben buying huge amounts of Treasuries. The curtain has been pulled back, and the world sees the mighty OZLIKE Ben Bernanke is as foolish as wht wizard of OZ, frantically pulling leversm to no affect.