Obama plays with other people’s money
Bookworm at Bookworm Room on May 12 2009 | Filed under: Barack Obama, Economy
Obama may have forgotten that a fund manager isn’t some self-aggrandizing plutocrat, but the fund managers haven’t:
During the aborted attempt to save Chrysler from bankruptcy, Obama oversaw billions of dollars loaned out to the struggling automaker — and then saw those “loans” forgiven and converted into outright gifts.
Obama’s plan was thwarted when some of Chrysler’s [...]

