A setback for Obama’s gangster capitalism

When the Obama administration nationalized Chrysler in June of last year, and stripped its bond holders of their legal rights in favor of the unions, a move more worthy of Hugo Chavez, there should have been legal and media outrage for years.

Each succeeding week brought a new assault however, and the brazen move against Chrysler has been lost in the noise.  Now Governor Mitch Daniels of Indiana describes how three Indiana pension fund investors in Chrysler’s bonds re-established the rule of law.