May 5th, 2009


President Thug

Must-read: "Goldman Sachs Foreshadowed UAW's Chrysler Coup".

Obama seems to use threats as SOP: vide "I'm the only thing standing between you and the pitchforks" and threatening Chrysler's secured creditors.

UPDATE: From Finem Respice, "I Can Only Hope This Proves to be Inflammatory Nonsense":

"Confronting the head of a non-TARP fund holding Chrysler debt and unwilling to release it for any sum less than that to which it was legally entitled without compelling cause, this country's 'Car Czar' berated the manager of said fund with an outburst of prose substantially resembling this: 'Who the [f-word] do you think you're dealing with? We'll have the IRS audit your fund. Every one of your employees. Your investors. Then we will have the Securities and Exchange Commission rip through your books looking for anything and everything and nothing we find to destroy you with.'"

Read the whole thing.

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