5/05/2009

It's not just me that thinks the Obama Chrysler Bond grab will be a major problem down the line. I posted last week about the consequences of this move. I said in the post that bond buyers in any American bond will GTFO and stay out if Obama prevails. This is a fascist government stomping on rules that are nearly a century old. Forget Muni Bonds, state bonds, and even Treasury Bonds. McCardle has a take in Atlantic issuing a similar warning.

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