Please take the time to read this succinct and clarifying article by Richard Epstein at Forbes.com. It explains the fascist and quite unAmerican methods that are unfolding in this Chrysler bankruptcy.
Rahm and Obama ain't lettin' this crisis go to waste:
Upsetting this fixed hierarchy among creditors is just an illegal taking of property from one group of creditors for the benefit of another, which should be struck down on both statutory and constitutional grounds.
This Chrysler bankruptcy is telling us all we need to know about the nature of our country's future under Obama. And not enough people in the media are pulling back the curtain.