Obama even worse than Bush? Oh yeah, take a peek. This report will make your jaw drop - over and over again.
As you will see, Obama already let Paul Singer do the same to the US with your tax dollars in the GM-Chrysler case. After getting paid, Singer shut down 25 of the 29 autoparts plants he used in the extorsion.
Chapter 11 lets US companies restructure their debt with the approval of 51% of creditors. Argentina has 93% of them on a bond swap deal, but that's not enough. It is so unbelievable how the tail can wag the dog to this extent in the US. In this case the tail is a handfull of voracious hedge fund creditors aided by an 84-year-old Nixon zombie judge. This isn't good for anybody but Singer. Nobody's going to use US arbitration courts for this kind of shit again. Also sets a negative precedent for the restructuring of debts the world over. And you know what? This went through a Manhattan district court, a court of appeals for the Second Circuit, and all the way up tor the United States Supreme Court. Then all the way back down to this senile old shitbag! The entire US judicial system has its head up its ass. But it's not even just the judicial system, because the President can do something about it, but won't.
Real life supervillains, indeed.
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