Wednesday, May 20, 2009

Indiana Wants Me

Seems as if the good and conservative folks in Indiana are getting their priorities straight...

Indiana will no longer invest in bonds issued by banks and automakers who receive federal bailout money.

Bondholders are supposed to be at the head of the line for repayment if a company goes bankrupt. But State Treasurer Richard Mourdock says the government rewrote the rulebook for the Chrysler bankruptcy, leaving investors with 29 cents on the dollar. Mourdock says that cost state investment funds $5.6 million.

Gotta like that. Wonder if we'll see Mourdock at the Tea Parties on July 4th.

Did I tell you that I met THE BOSS in Indianapolis?

H/T NRO and WIBC in Indy

No comments: