CONTRACT KILLERS:

‘I’m saying that when the president does it that means it’s not illegal,” shouts Frank Langella’s Richard Nixon at Michael Sheen’s David Frost in “Frost/ Nixon.”

He was wrong, and so was President Obama when he said last week that he’d override the contractual and legal rights of Chrysler’s senior lenders and carve up the company between the government and the United Auto Workers.

Earlier discussion here.