Obama's goofy EU bailout: If they default, whose side will he be on?

Serial defaulter Argentina is being sued by American creditors to get back the money they are owed. The Argentines, who have the money by the way, can't seem to find their wallets. A US District judge sided with the bondholders, but Forbes reports that the departments of Justice, Treasury and State filed a joint brief supporting the deadbeats over the judge.

We learned during the General Motors and Chrysler bailouts that the Obama administration does not respect contracts. Second verse, same as the first.

Now that the White House is planning a European Union bailout, whose side will it be on if, let's say Ireland or Greece, defaults?

I have no idea. As John Prine once sang, "It's a big old goofy world."

And the Obama administration is just making it goofier.

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