Retired teachers and cops from Indiana who bought secured debt in good faith under the rule of contract law, (in which they traded a lower interest rate for highest priority in repayment) were among Chrysler creditors excoriated by our President Barack Obama as eeeevil speculators. (As he took from them and rewarded the UAW and Fiat.)Our dictatorial President, trained as a lawyer, who abrogates law with his demagoguery.
In other news, the Fed projects the economy will contract still more. Could it be Americans don't have faith in the Obama administration?
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