So – the Feds are telling Chrysler they have to subordinate the debt of legitimate bondholders to new gimmickry dreamt up by the Obamafia in violation of the takings clause of the 5th Amendment.
The net effect of this is to take money from legitimate bondholders in the form of investments they have made, to take money legally owed to those bondholders as a condition of their investment, and give that money to other, government-identified creditors who have no legitimate or supportable claim on those proceeds.
Money, therefore, illegally will be taken from its legitimate owners and given to others, said others not being entitled in law to those proceeds
The definition of “money laundering,” is: “any financial transaction which generates an asset or a value as the result of an illegal act.”
Great – our government now is a money laundering organization.
Did I fall asleep while the Rule of Law and Constitution were repealed?