In ‘Puter’s post below, he posits that the hedge funds struck a blow for capitalism and rule of law in America. ‘Puter tacitly claims that the Obama Administration is concerned primarily with nationalizing our economy.
But if you don’t believe ‘Puter, take “an administration official’s” word for it from this Washington Post article, also linked in post below.
An administration official this morning expressed disappointment, saying the holdouts had failed to “do the right thing,” but that “their failure to act in either their own economic interest or the national interest does not diminish the accomplishments made by Chrysler, Fiat and its stakeholders, nor will it impede the new opportunity Chrysler now has to restructure and emerge stronger going forward.
This language, coming from the executive branch, should terrify Americans. This cowardly unnamed official makes several brash statements and assumptions, including: (1) the government has unique knowledge of the “right thing” for private participants in an arms’ length transaction in a capitalist economy; (2) secured creditors are failing to act in their own economic interest by insisting on maximizing recovery for their investors by insisting the rule of law be followed; and (3) it is in the national interest to extrajudicially impose conditions on an existing contract freely entered in to.
For all who wish to see, the Obama Administration is showing its true colors. President Obama knows better than you do what is right for you, and he is willing to use government power to cow you into compliance with his diktat. This administration’s attitude has done much to frighten investors out of the economy, thereby hindering recovery.
‘Puter doesn’t expect you to listen to believe his prescient rantings. At least until the Obama Administration starts bullying you, too.
Always right, unless he isn’t, the infallible Ghettoputer F. X. Gormogons claims to be an in-law of the Volgi, although no one really believes this.
’Puter carefully follows economic and financial trends, legal affairs, and serves as the Gormogons’ financial and legal advisor. He successfully defended us against a lawsuit from a liquor distributor worth hundreds of thousands of dollars in unpaid deliveries of bootleg shandies.
The Geep has an IQ so high it is untestable and attempts to measure it have resulted in dangerously unstable results as well as injuries to researchers. Coincidentally, he publishes intelligence tests as a side gig.
His sarcasm is so highly developed it borders on the psychic, and he is often able to insult a person even before meeting them. ’Puter enjoys hunting small game with 000 slugs and punt guns, correcting homilies in real time at Mass, and undermining unions. ’Puter likes to wear a hockey mask and carry an axe into public campgrounds, where he bursts into people’s tents and screams. As you might expect, he has been shot several times but remains completely undeterred.
He assures us that his obsessive fawning over news stories involving women teachers sleeping with young students is not Freudian in any way, although he admits something similar once happened to him. Uniquely, ’Puter is unable to speak, read, or write Russian, but he is able to sing it fluently.
Geep joined the order in the mid-1980s. He arrived at the Castle door with dozens of steamer trunks and an inarticulate hissing creature of astonishingly low intelligence he calls “Sleestak.” Ghettoputer appears to make his wishes known to Sleestak, although no one is sure whether this is the result of complex sign language, expert body posture reading, or simply beating Sleestak with a rubber mallet.
‘Puter suggests the Czar suck it.