Editor
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| Michael Lucas Editor |
This financial robbery of US and Canadian taxpayers’ hard-earned money is nothing more than the Greatest Auto Theft in history! Besides this unheard of Billions Robbery, it is also dumping 40,000 of the last 60,000 auto trade union jobs into the mass grave dug by Obama's appointee, James Dimon.
Mr. Dimon is the CEO of J.P. Morgan and Citibank. GM trade union workers are losing their jobs and retirement benefits, their life savings, but the GM shareholders are getting rich and most expect to get back a stunning $6 BILLION! Even under the present US Laws this is illegal!
Helping Mr. Dimon is also the official Obama's appointee – Steven Rattner, Obama's "Auto Czar" – the man who ordered General Motors to go bankrupt. Obama's man ordered GM to grab the auto workers pension funds in order to pay off Morgan and Citibank. In this way these two banks will get their $6 Billon right away. After all, that's how monopoly capitalism works!
So, what's wrong in seizing worker's pension fund monies in a Bankruptcy?
The answer, Mr. Obama, Mr. Law Professor that you are – IT IS ILLEGAL, ACCORDING TO THE U.S. LAW THAT YOU SWORE TO UPHOLD!
According to that law Mr. Obama, it states, very, very directly that: "The primary responsibility of the pension fund "fiduciaries" is to run this plan solely in the interests of participants and beneficiaries and for the exclusive purpose of providing benefits for the workers who are paying into this plan."
This is the last question to be asked of Mr. Obama: “Is
the forced bankruptcy of General Motors and the elimination of tens of
thousands of jobs, just an arranged collection grab for the favored
U.S. financiers that are calling the shots?”
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| This cartoon is from the Toronto Daily Star
newspaper, showing the Canadian Auto Workers (CAW) leadership that did
not stand up strongly enough during this financial robbery. Looking on
are the Prime Minister of Canada and the Premier of Ontorio. |
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