Is the Car Czar Forcing the GM Bankruptcy to Raid Pensions to Pay CitiBank, Morgan Stanley?
[Read the article: Obama: “I have no interest in running GM”] [Read more letters about this article: Here] The Automatic Earth reported yesterday that Steven Rattner, Obama’s Car Czar, is demanding that the bankruptcy court use $6B in the auto workers’ pension fund to pay loans made by Citibank and Morgan Stanley. http://theautomaticearth.blogspot.com/ Can anyone confirm this or challenge it? If true, it is one more pebble in the pile of occurrances that make me doubt that the Obama administration is anything other than completely corrupt. Permalink Tuesday, June 2, 2009 06:50 AM The Human Sewage Should Have Been Flushed along with the Bankrupt System [Read the article: No price for failure on Wall Street] [Read more letters about this article: Here] This is what happens when a failed social structure is put on life support: the human sewage does not get flushed. It gets a new, high paying job. When Schwartz runs this new company into the ground, no problem. Just raid another pension f
