Republican Study Committee: Barack Obama Does Not Stand For Hedge Funds
Wednesday, May 27th, 2009Here is Rep. Tom Price, chair of the Republican Study Committee, standing before the Lincoln Memorial to show that Barack Obama, unlike Abraham Lincoln, is a DIVIDER, not U-NITER. He divides the American people into interest groups, see? Price backs this up with a very Populist real-world example: when hedge funds and i-bankers and other rich, senior bondholders were unwilling to take cuts in order to save the massive company Chrysler, DID BARACK OBAMA DEFEND THEM? No! Doesn’t this divisive thing Obama did just get you all hot and bothered, America? [Political Wire]











Many blame last week’s Chrysler bankruptcy on the fact that Chrysler is a shit company. They are wrong! It was really a group of hedge funds, holding large swaths of Chrysler debt, that rejected the administration’s settlement offer of a 33 cents-on-the-dollar payout and thus threw the company into its current quickie “nooner” of a Chapter 11 filing. These twenty-ish hedge funds — who call themselves, retardedly, the “Chrysler Non-TARP Lenders,” making them Moral — are trying to score a better deal in bankruptcy court. These terrible people! SO TERRIBLE are these people that they filed a motion in court to have their names sealed, because apparently, what’s this, the public is mad at them for bankrupting a massive company out of greed? They’ve received death threats! And as the Non-TARP Cocksuckers’ court motion reveals,
Okay so it’s nine days old, but you must read
Wall Street investors and top-heavy hedge funds are confusing the shit out of campaign comptrollers. Starchy, Right-leaning money managers from Greenwich, Connecticut are throwing money at Democrats, while Croc-wearing Volvo drivers are getting behind Republicans. Totally nuts, these guys. Cats and dogs, living together.