{"id":836,"date":"2009-05-20T20:44:10","date_gmt":"2009-05-20T20:44:10","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=836"},"modified":"2009-05-20T20:44:10","modified_gmt":"2009-05-20T20:44:10","slug":"state_governments_are_waking_u","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=836","title":{"rendered":"State Governments Are Waking Up"},"content":{"rendered":"<p><a href=\"http:\/\/www.wibc.com\/news\/Story.aspx?ID=1094872\"><strong>WIBC<\/strong><\/a>&nbsp;in Indianapolis is reporting today that the State of Indiana will no long invest on bonds issued by banks and automakers who have accepted federal bailout money.&nbsp; State Treasurer Richard Mourdock stated that since the government rewrote the rules of bankruptcy in the Chrysler bailout, the state lost $ 5.6 million dollars in investments.&nbsp; The bondholders are supposed to be at the front of the line when a company goes bankrupt.&nbsp; In the case of Chrysler, the government rewrote the rules, the bondholders got 29 cents on the dollar.&nbsp; The unions, who were unsecured creditors, got more.&nbsp; That is illegal according to the laws of bankruptcy, but the government pushed it through anyway.<\/p>\n<p>I am sure savvy private investors are thinking the same thing.&nbsp; Why should you put any money into a company if the laws of bankruptcy (which previously protected your investment to some extent) are no long followed?&nbsp; This sort of bankruptcy manipulation is going to have a very negative impact in investment in this country.&nbsp; Why should any of us invest when we are in danger of losing the value of our investment because of government intervention to protect their pet special interest groups?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WIBC&nbsp;in Indianapolis is reporting today that the State of Indiana will no long invest on bonds issued by banks and automakers who have accepted federal bailout money.&nbsp; State Treasurer Richard Mourdock stated that since the government rewrote the rules of &hellip; <a href=\"https:\/\/www.rightwinggranny.com\/?p=836\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-836","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=836"}],"version-history":[{"count":0,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/836\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}