Interesting twist in Chrysler deal

White House Denies Charge By Attorney that Administration Threatened to Destroy Investment Firm's Reputation


May 02, 2009 3:17 PM

A leading bankruptcy attorney representing hedge funds and money managers told ABC News Saturday that Steve Rattner, the leader of the Obama administration's Auto Industry Task Force, threatened one of the firms, an investment bank, that if it continued to oppose the administration's Chrysler bankruptcy plan, the White House would use the White House press corps to destroy its reputation.

http://blogs.abcnews.com/politicalpunch/2009/05/bankruptcy-atto.html

 

I hope someone has proof or corroboration.

 

Democrats are more forceful like that, they really will throw their weight around. I remember that early in the Clinton years the IRS was going after people that opposed Billary..

 

With obama, rahm, and the gang......this is their modus operandi......get ready for more! :eek:

 

They called them brown shirts in the NAZI party.

 

IMO the way the administration is going after bond investors is shameful. give the lazy unions who put the auto companies into this predicament more and screw the people who have legal priority in the debt structure. a sure way to put more nails in capitalism's coffin. People will think twice about investing when the rules of the game change on a whim...