Managing Money Obama Style

Stocks and bonds. Many types of each. In our established monetary system there is a prescribed way to dissolve the assets of a company. No one could arbitrarily change the sequence of paying creditors and investors. There was a fixed pecking order. The Obama Administration, particularly the members controlling our nation's financial market, quietly stole investor money by changing the system. Here is what they did.

The government took an arbitrary action to make itself the most powerful player in the financial marketplace. In the midst of our current recession they pushed everyone aside by assaulting ownership contracts.

Example. Chrysler went bankrupt. Senior secured creditors and investors were thrown under the bus. The current administration simply made a political decision to subordinate those creditors and made it possible for LABOR UNIONS TO BE PAID FIRST.

Personally, I believe this action was illegal.  What do you think Mr. or Mrs. Chrysler Stock and Bond Investor?

Bump