White house threatens to destroy reputations?

[msmith198025]

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


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.

[vurbano]

how Nixonlike. Can you say typical Chicago thug?

[HDRoberts]

Ahh, hearsay from a hedge fund and money management attorney, with his own motives to wreck the White House reputation because they didn't get a bailout. Yeah, I buy that on it's face.:rolleyes:

As the White House said

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.

[msmith198025]

http://dealbook.blogs.nytimes.com/2009/05/03/white-house-perella-weinberg-deny-claims-of-threat-to-firm/?hp

Another link.

[fallout2600]

They can say whatever they want, bankruptcy was the correct option.

[msmith198025]

They can say whatever they want, bankruptcy was the correct option.

I agree. It should have been allowed to happen sooner however

[froggigger]

They can say whatever they want, bankruptcy was the correct option.

:thumbup::thumbup: