Posted by
David-VRWC on Wednesday, June 17, 2009 12:00:00 AM
Government strong-arming meets shell-game money juggling as the
Obama Administration is attempting to push through and finance the take over of
the bankrupt Delphi auto parts supplier through GM to the benefit of their
chosen company, Platinum Equity, and at the expense of Delphi investors and the
US Taxpayer. General Motors, who filed for bankruptcy and is receiving a 30
billion dollar government bailout “loan” is going provide a couple billion
dollars of our money to pull Delphi out of bankruptcy so that a California firm
can buy Delphi Corp. Subverting bankruptcy law and paying some lenders only 20
cents on the dollar on behalf of the government controlled GM, the government
declared that Platinum was the only company who could take over Delphi. Judge
Robert Drain disagreed with the Obama administration and said “Unless I hear
more, there’s something going on here that doesn’t to me make sense.” It makes
sense if you understand that when Obama said "What we are not doing - what I have no interest in doing - is running GM”, what he really meant we are
interested in running not only GM but anything else we can get our hands on
while redistributing wealth from the legitimate owners and investors whenever
we can.