Chrysler bondholders say threatened by White House


Update: Lauria on FNC

—–

Attorney Thomas Lauria, lead attorney for the Chrysler bondholders who have objected to the Obama restructuring plan, told ABC News that Obama car czar, Steve Rattner, suggested that officials of the Obama White House would embarrass the firm for opposing the Obama administration plan, which President Obama announced Thursday, and which requires creditors to accept roughly 29 cents on the dollar for an estimated $6.8 billion owed by Chrysler.

The White House has denied the allegation.

Lauria said the firm “was directly threatened by the White House and in essence compelled to withdraw its opposition to the deal under the threat that the full force of the White House press corps would destroy its reputation if it continued to fight. That’s how hard it is to stand on this side of the fence.”

Obama was highly critical of the bondholders as being “unwilling to sacrifice” in his remarks Thursday.

Lauria said the president saying he doesn’t stand with his clients “kind of sounds like ‘You’re fair game.’ In whatever sense. People are scared. They have gotten death threats. Some have been told people are going to come to their houses. God forbid if some nut did something, I’m just wondering how the president would feel.”

I can’t help but recall that these very same tactics were used by ACORN against AIG employees after Obama singled them out for scorn. Is ACORN behind this latest effort to intimidate the Chrysler bondholders?

8 Responses

  1. I knew it was true because I watched the way Obama was seething about being rejected by the “speculators” aka as “secured creditors” at the press conference.

    If he were a man, I’d think he would be inclined to be a stalker.

    Have you ever noticed that nobody threatens to “show up at your house” in Texas (or Florida)?

  2. WTF. Does that cover it?

    These people are supposed to “sacrifice”??? Does this dumb [expletive] understand that the secured creditors could go under? That this “sacrifice” will be spread to people’s IRA’s and pensions and stock market assets?

    Oh, wait, he does. If the entire system crumbles, he gets to step in and fix it.

  3. The White House says there’s “no evidence”- note that’s not a denial. Hitler was careful to only give verbal orders, too.

    It’s plenty clear- Obama KNOWS he owns the press corps… and even treats them with arrogant contempt, ie- hectoring reporters to “not waste their question”, telling them when they’ve “got enough pictures”, and even to “get back on the bus” in Chicago- ouch.

    This out-of-control narcissist wouldn’t call on Fox News after the TEA parties, and skipped the NYT at his presser a couple days after their reporter asked Obama if he was a “socialist”. Since when is a refusal to answer legitimate questions and explain your actions to the American people acceptable in a US president?

    Obama has no use for The Contstitution, law, religion, ethics, or anything else that gets in his way- The idea that he’d sick his MSM sycophants on some bank that isn’t willing to do as he says doesn’t surprise me one iota.

    http://reaganiterepublicanresistance.blogspot.com

  4. The White House says there’s “no evidence”- note that’s not a denial. Hitler was careful to only give verbal orders, too.

    It’s plenty clear- Obama KNOWS he owns the press corps… and even treats them with arrogant contempt, ie- hectoring reporters to “not waste their question”, telling them when they’ve “got enough pictures”, and even to “get back on the bus” in Chicago- ouch.

    This out-of-control narcissist wouldn’t call on Fox News after the TEA parties, and skipped the NYT at his presser a couple days after their reporter asked Obama if he was a “socialist”. Since when is a refusal to answer legitimate questions and explain your actions to the American people acceptable in a US president?

    Obama has no use for The Contstitution, law, religion, ethics, or anything else that gets in his way- The idea that he’d sick his MSM sycophants on some bank that isn’t willing to do as he says doesn’t surprise me one iota.

  5. I think his time for walking all over people is running out.

  6. Wake up people, this dude has a plan but it certainly is not for te betterment of this country

  7. […] loans that many of them were pressured to accept in the first place. The Obama administration is literally threatening investors who hold secured Chrysler bonds. La Cosa Nostra has moved into the White […]

  8. […] loans that many of them were pressured to accept in the first place.  The Obama administration is literally threatening investors who hold secured Chrysler bonds.  La Cosa Nostra has moved into the White […]

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