June 8, 2009 5:09 PM
Here’s Indiana State Treasurer Richard Mourdock on the request that the Supreme Court enforce the rule of law in the United States, particularly relating to secured creditors and the use of TARP money earmarked for financial firms in the auto industry for which it was never authorized. We might add the American legal way is for a free people to be free from sanctioned theft by favored banks in markets as well as sanctioned theft by favored unions. We would not be surprised if we find one day that the payoff from the government to the TARP bondholders for their agreeing to go along with the Chrysler theft was related to them being allowed to rape the markets with complete impunity.
More on this topic
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Americans Are Car Shopping Again
(Wall Street Daily, 2/2/12)
Congressional Panel Suggests More Executive Firings, Liquidating Bad Banks
(Money Morning, 4/8/09)
The Automakers Can't Win: Hybrid Cars Sales Also Plummet
(Wealth Daily, 3/18/09)
Watchdog Agency Says TARP Overpaid $78 Billion for Bank Assets
(Money Morning, 2/6/09)







