The precedent has now been set by the SCOTUS that contract law can be overriden at any time. Investors will look for other places and vehicles to park their money in.
Yup. Kiss goodbye "the full faith" of the United States and all doing business in it.
I know some vehicles you shouldn’t park your money in. Don’t buy a Chrysler or Government Motors car. Buy a Ford or a Honda or a Toyota, or anything that doesn’t have the taint of Obama on it. I heard commentary on Glenn Beck today that the government takeover will put Ford out of business. They won’t be able to compete with government cars being marketed with government buyer incentives and whatever other coercive measures Obama’s brownshirts will use to force people to buy from nationalized enterprises. Things are looking real bad for economic freedom of choice in this country.