Tuesday, June 16, 2009

Death of Capital Structure - one way Obama's destroying the U.S. Constitution!

Here is a short video about capital structure, which was big news with the Chrysler bankruptcy. Pres. Obama made history when he basically up-ended a bankruptcy law that has been in place since the founding of this great country! A lawyer from Indiana representing retired police and teacher's pensions tried to get the U.S. Supreme Court to see this case because it is so unconstitutional, but they decided not to accept this case to "protect" jobs and the sale of Chrysler. Thus allowing the sale of Chrysler to Fiat and the Unions. This is just another example of the craziness coming out of Washington, and how they are trying to do away with capitalism and the Constitution!

Capital structure from Marketplace on Vimeo.