Fisker Loan Leaves Americans Holding the Bag
President Obama Making Wall Street Proud
President Obama will have a career in the top Wall Street investment banks if he wants it.
To most of America, Barack Obama is lousy at picking winners and losers in a market economy, but within the Beltway statist community and on Wall Street he is an obvious investment genius. Like the bailed-out Wall Street firms, Obama has become an expert on losing other people’s money through poor investment choices. With all of the Obamacare news dominating the headlines you may have missed that Obama and Co. sold part of the loan they had made to automaker Fisker to an investor for 25 million dollars, leaving you, the taxpayer, responsible for the $139 million remaining on the government’s original loan.