You knew it had to happen sooner or later. The Everything-to-Everybody-Hoopmeister has really stepped into it with the Indiana State Teacher’s Retirement Fund. Seems that they were holding a good chunk of Chrysler bonds in their Fund, when Obama and Friends “press ganged” lenders and bondholders into taking pennies on the dollar, violating bankruptcy laws, under the threat of media condemnation and harassment.
http://www.ft.com/cms/s/0/b3c8beb8-4564-11de-b6c8-00144feabdc0.html
Whoa Buckwheat. Yes, I said the Indiana State Teacher’s Retirement Fund, one of many of the Teacher’s Funds that dot our nation, that is made up mostly of Liberal, Progressive, Obama supporting, Obama voting public employees, that have just begun to feel the sting of Obama’s forked tongue.
Yes my friends, this is the top, not the bottom of the iceberg, that just got whacked by the SS Lawn Jockey, while the Fund managers were still orgasmic from the November elections. My, what could go wrong in 120 days? That’s really a rhetorical question, you don’t have to answer it.
Truth be known, between Chrysler, GM, Ford and other major manufacturers, Public and Private employee unions, hold hundreds of billions in bonds and stocks in companies that Mr. Obama is about to makeover or turn to dust. And while this may be a new story, get used to it. There is to be many sequels. I can just see it now.
“Bonnie and Obama--a Love Story”…. Bonnie and Obama’s bodies are discovered in a bullet ridden Prius, in Times Square, during happy hour and there are NO witnesses. They were all drowning their sorrows over financial losses.
“The Wreck of the Obama Fitzgerald”…The Obama Fitzgerald, laden with millions and millions of broken promises, fights its way through choppy waters, seeking solid ground, or at least someone to buy more of our worthless Treasuries.
Stay tuned, The SS Lawn Jockey is unsinkable.
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