Society & Culture & Entertainment Society & Culture Misc

Can GM Bond Holders, Unions, and Shareholders Sue the Government?

The General Motors fiasco is indeed a testament to common sense.
Government cannot do anything very well or very efficient, and thus, maybe they shouldn't try, in fact many believe that they ought to stay out of the business world and stop manipulating free markets.
Perhaps, as an example General Motors is a great case in point, as president Obama said that they were working on the situation, and not to worry.
Well, when the government says not to worry, that is the time you really ought to start worrying, or running for the hills as Ronald Reagan use to say; "We are your government and we are here to help you" President Reagan said were the scariest words in the English language.
Pretty funny, unfortunately he was right.
We all know what happened to GM after the government stepped in, don't we?.
What about all the investors that trusted the government? Corporate bond holders who decided to stay in the game or shareholders that decided that they would hold their shares, they have all nearly lost everything.
Question is can they all sue President Obama (personally) for his mismanagement and forward looking statements? The SEC puts folks in jail or fines them harshly when business folks do this.
Lawyers can sue and often collect with shareholder class action suits.
So, the government wants to be in business now? Fines, then they are liable and acting with a fiduciary responsibility.
They thus, must pay.
But why should the taxpayer's pay, it's not their fault.
It's President Obama's fault, so he needs to pay them with all his memoir book sale royalties, and sell that Portuguese Water Dog to make good on the legal judgment.
Fair is fair.
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