Thursday, December 10, 2009

Mourdock at Cato

I finally listened to the Cato Daily Podcasts from October 23 & 26, to hear Indiana's Treasurer's take on the Chrysler bailout, and how it affected funds for the Indiana teacher's union and state police. He made a convincing Constitutional and moral case that those holding secured assets should have been first in line for payoff at bankruptcy, and not facing pennies on the dollar.

Go to the Cato Daily Podcast archive via this link, and look for the Oct 23 installment titled "Fallout from Chrysler's Bankruptcy featuring Richard Mourdock", and the Oct. 26 installment titled "Obama Versus the Rule of Law".

1 comment:

Doug said...

I would recommend reading the opinion of the bankruptcy court (pdf) for why the transaction was legal and Mourdock is wrong.

(My analysis here.)