Posted by
Rick Amato on Thursday, May 28, 2009 10:42:30 PM
While it is one thing to have the Gov't bailout GM..it is entirely
something different for the White House to put forth a legal strategy
designed to keep the individual bondholders off balance and unable to
have their FAIR day in court.
The consequences for the corporate debt market and faith in the U.S.
financial markets (as well as individual property rights issues) go far
beyond this one instance.
Take a listen to my interview with Washington Times Economic reporter Patrice Hill:
http://www.wsradio.com/internet-talk-radio.cfm/shows/Washington-Times-Inside-the-Story-Radio.html