Indiana Steps Up

The zany deal in the Chrysler bankruptcy finally has a serious opponent that willl be hard to for Obama to publicly belittle -- the three Indiana state pension funds (led by the state Treasurer Richard Mourdock).  They are carrying the water for the rest of the country.  In a statement that fortells the state's view of its prospects, however, Mourdock also announced publicly what many other will do privately -- a refusal to invest any funds in the debt of any bailout company or any company that may be bailed out.  As noted here many weeks ago -- the government will be the only financer now for many trouble companies -- just the opposite of what a healthy recovery needs.  Now is it up to the bankruptcy trustee -- I hope he steps up too.