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

White House Denies Charge By Attorney that Administration Threatened to Destroy Investment Firm's Reputation - Political Punch: "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."

Why would he lie and blacken his reputation in a fight with the White House?
I don't find it hard to believe that the White House thugs would trash someones reputation as they have done it since day one. Hell anyone who carries a bible is considered a terrorist now by this administration.

This is the first time in my adult life I have been afraid of my government and the grab for power by a political; party out of control and answering to none. If you were thinking you would be afraid too!

T0 continue


President Obama singled out Lauria's clients for criticism when he announced the Chrysler plan on Thursday.

"While many stakeholders made sacrifices and worked constructively, I have to tell you some did not," the president said. "In particular, a group of investment firms and hedge funds decided to hold out for the prospect of an unjustified taxpayer-funded bailout. They were hoping that everybody else would make sacrifices, and they would have to make none."

Lauria said the president's assertion that his clients weren't willing to make any sacrifice is false. The clients were willing to take 50 cents on the dollar from Chrysler for their debt, he said.

President Obama also said of Lauria's clients, "I don't stand with them. I stand with Chrysler's employees and their families and communities. I stand with Chrysler's management, its dealers, and its suppliers. I stand with the millions of Americans who own and want to buy Chrysler cars. I don't stand with those who held out when everybody else is making sacrifices."

"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."

Is this how a community organizer acts when he has real power?

Yes, yes it is!