Jack Welch apparently doesn't approve of the Obama administration's handling of the Chrysler matter according to Bloomberg. Jack Welch wants to know why the unions were favored over the lenders. Good luck Jack. The unions voted for Obama and the lenders borrowed TARP funds from the Treasury. Anything else said would be redundant.
But, in case that doesn't do it for you Jack, check this out. The State of Indiana pension funds objected to the Treasury sponsored plan to sell Chrysler in a quick Section 363 sale. Not to be outdone in speed, the Chrysler bankruptcy judge ruled against the pensions funds in less than 24 hours according to Zerohedge. Really? This is going through no matter what anyone says about anything. But thanks for stopping by.
Cheers, Mike
Wednesday, May 20, 2009
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