Saturday, May 9, 2009

Hedge Fund Speculators Fold

"The small but staunch lenders group that stood against the sale of Chrysler disbanded Friday, removing the only major obstacle in the Obama administration's plan to quickly restructure the automaker in bankruptcy court...In a televised speech last Thursday, Obama characterized the holdouts as 'speculators' who 'endanger Chrysler's future by refusing to sacrifice like everyone else.'" News item in today's WaPo.

These pieces of s**t are of the same cloth as those that helped bring about the financial crisis we're in today. Yet these Gordon Gekkos were still out for #1. Masters of the Universe, indeed.