This is an opinion item.
| Author(s)
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John Berlau
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| Source
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Human Events
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| Date
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May 6, 2009
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| URL
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http://www.humanevents.com/article.php?id=31738
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| Quote
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"But even if it is now permissible in Obama’s America to ignore valid contracts if they only benefit rich folks, the president’s logic still fails in this situation, because many of these investment firms and hedge funds manage money on behalf of other ordinary “families and communities.” As Financial Times columnist John Gapper explains, “&91;S&93;ome of these “speculators” inconveniently manage money on behalf of pension plans and endowments, rather than rapacious rich people.”"
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This item argues against the position U.S. government restructuring of Chrysler was correct on the topic Chrysler bankruptcy.
