Bluegrassrivals

Full Version: Did The White House Threaten Investment Firm?
You're currently viewing a stripped down version of our content. View the full version with proper formatting.
To beat it all this is from ABC News.

"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."

"[I]The charge is completely untrue," said White House deputy press secretary Bill Burton, "and there's obviously no evidence to suggest that this happened in any way."
[/I]
"He stands my clients up as basically the reason Chrysler is going into bankruptcy," Lauria said. "He wrongly says they're not willing to make any sacrifice. And then he says he does not stand with us."



http://blogs.abcnews.com/politicalpunch/...-atto.html
Working in the Investment industry, I find this difficult to believe.