May 2, 2009

CASTING THE HEDGE FUNDS AS VILLAINS: And why the press thinks it’s good for Obama to demonize people who don’t go along with the program. For a figure of hope and change, he’s sure big on demonization. I hope that changes. . . .

Plus, from the comments: “In particular, I found interesting his label that creditors are ‘speculators’, when in fact some some of these bondholders were part of the 2003 class to fund….. the UAW pension fund! Given that the reconstituted Chrysler will need cash flow, who will fund them?”

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