Government Screws Chrysler Debt Holders?

Maria Bartiromo of CNBC has just reported that the Feds have not even contacted the Chrysler senior debt holders, debt holders whose holdings are legally superior to the debt held by the UAW, yet the Obama administrations plan would give a larger stake to the UAW. The GM plan holds the same situation, senior debt holders of GM hold 2 1/2 times the debt held by the UAW Retirement Plan yet the senior debt holders receive only 1/4 the ownership stake that the UAW would receive. Is this what out tax dollars are funding, an ownership stake that unions could not have ever received under our nation's laws?

As I write this the Dow Jones 30 is attempting another upside break-out this morning.

How GM and Chrysler Will Be Run - Explained By Lily Tomlin 40 Years Ago

Talk about about being ahead of her time, just change "phone company" to "General Motors" or "Chrysler" or "AIG"...

"Now Mr. Beetle, I want you to understand something, we are not subject to city, state or federal regulations, we are omnipotent... omnipotent... that's potent with an omni in front of it."

Thank you Ms. Tomlin.