Today’s Hope and Change…
The Obama Administration threatened Chrysler creditors into acquiescing to plans to restructure Chrysler or face the wrath of the White House press corps.
Neil Cavuto interviewed attorney Tom Lauria today who represents creditors to Chrysler.
Lauria said his clients were directly threatened by the White House and are scared:
The Business Insider reported:
Creditors to Chrysler describe negotiations with the company and the Obama administration as “a farce,” saying the administration was bent on forcing their hands using hardball tactics and threats.
Conversations with administration officials left them expecting that they would be politically targeted, two participants in the negotiations said.
Although the focus has so been on allegations that the White House threatened Perella Weinberg, sources familiar with the matter say that other firms felt they were threatened as well. None of the sources would agree to speak except on the condition of anonymity, citing fear of political repercussions.
The sources, who represent creditors to Chrysler, say they were taken aback by the hardball tactics that the Obama administration employed to cajole them into acquiescing to plans to restructure Chrysler. One person described the administration as the most shocking “end justifies the means” group they have ever encountered. Another characterized Obama was “the most dangerous smooth talker on the planet- and I knew Kissinger.” Both were voters for Obama in the last election.
Related… Taxpayers take one on the chin–
CNN is reporting that as part of the bankruptcy filing the $7.2 Billion Dollars given to Chrysler by the American people will not be paid back.
Previously:
Dear Leader Threatens Chrysler Investors With White House Press Corps
