Take a look at the proposed Chrysler deal – specifically, that the government (Obama) is asking . . . pressuring (actually, those present, called it ‘bullying’) investors to take 29 cents on the dollar while at the same time, offering the Unions a more generous 43 cents on the dollar.
What’s fair about that – especially when the continued bailouts and money, loaned to the auto industry has been for the unions sake – – – to benefit those who just happened to have supported Obama.
But, as the public begins to demand that the auto manufacturers be allowed to go through bankruptcy and reorganize, the government steps in and says “NO”! The government now “owns” enough to dictate what goes down now???
Bull Crap! The same people that have never worked in private industry? The Post Office mentality managers?
So all the investors, those who worked hard to invest to insure they have a retirement in their latter years, are suppose to be happy loosing 71% of their investment? And the auto workers, who, at their $60-something / hour salaries, are to make out with not only more for their money but perks as well?
Let’s dig a little deeper here though; there’s more here that doesn’t meet the eye.
Who is it that is the man who controls the Hedge Funds?
Hedge funds, by definition, have diversified their investors money across the NYSE but are heavily invested in America’s auto industry. Could it be the same man who donated so much to Obama, George Soros and controls the Hedge funds? Is it possible his welfare is being looked out for here? Wouldn’t seem like it, not if his investors are again taking a bath. Right?
But, how it looks to me, is that Mr. Soros allowed his Hedge funds, the 401K’s to loose money, but I’d be willing to bet cash, that personally, while allowing those who trusted in him, Mr. Soros was “shorting” the stocks. He just doesn’t seem to often loose money.