Wednesday, May 27, 2009

Messing with the bond holders

There will be consequences for messing with the bondholders of Chrysler and GM, as anyone who thinks like an economist instantly recognizes. From the comments of a post in the Atlantic's business blog:
I hereby nominate Obama for the Pullman-Cleveland Award for Union-Busting, for the most anti-union action in the United States by a U.S. President since Reagan fired the air traffic controllers.

No comments: