[STARWISE]

Following his speech, OppenheimerFunds said it was willing to make sacrifices but added it had to protect individuals in its mutual funds. The government's offer "unfairly asked our fund shareholders to make financial sacrifices greater than those being made by unsecured creditors," it said.

*snip*

Ty Anderson, global head of high-yield strategies at DB Advisors, Deutsche Bank's institutional asset manager, said that the government's involvement "could become a risk factor for investors, as there's a significant difference between what the government thinks is good for the country and how that could affect lenders' contractual rights."

~~~

0 has no qualms about manhandling and overlording every single segment of business and society, including subverting legal and binding contracts. This is truly bizarroworld.

[April Lexington]

The problem is... the more we let him get away with in the early months, the more emboldened he becomes. We need some lawsuits filed to slow this boy down until 2010 and 2012. File the suit, Oppenheimer!

[patton]

Frightening.