Ripped

clipped from www.professorbainbridge.com the Chrysler debacle and the looming repeat at GM may mark a major shift in the ability of American business to finance operations and growth. Indeed, this particular chicken may come home to roost almost immediately. the Business Law Prof observes: ... when the government got tough it did so by threatening to bring nasty public pressure on the creditors.  Creditors that were already on the government dole with TARP money caved immediately; hedge funds held out a bit longer - took incredible public heat - and eventually caved as well.  The hedge funds, by the way, are the players the government needs to get into it public/private partnership program and its TALF program for either to succeed.  So the government ended up ripping players it needs to play in the future for the success of its programs.  Like most bullies, the Obamabots seem unable to realize that their conduct may have long-term consequences.