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

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.
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So he claims.

hey thinking, this guy is a Democrat. So perhaps the “he’s a liar” chants could get a rest?
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 treats. 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.”
The Miami area-based attorney describes himself as an independent, and says after waiting in line for six hours last November he ended up not voting in the presidential election. He donated $10,000 to the Democratic Senatorial Campaign Committee in 2008 and $1,000 to then-Sen. Hillary Clinton, D-NY, in 2006.

And, so it begins…
The press is complicit in this thuggery and is, in fact, a propaganda tool and now arm-twisting accomplice in the Obama Administration. How’s that for enchanting…
It is a sad day.

“So he claims.”
Please give us any reasons you might have for doubting his claim.

What else do you expect from a thin-skinned bully?
Obama has bought into the media hype and public adoration. He has a taste of power and is used to getting his way.
When BO doesn’t get his way he mocks and belittles those who threaten him.

“So he claims.”
Please give us any reasons you might have for doubting his claim.
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The White House said the story was false.
“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.”

Go to Gateway Pundit’s front-page 5/2 post about the threats.
There is also an audio commentary by Mark Levin.

They bring a knife, you bring a gun.
They send one of yours to the hospital, you send one of theirs to the morgue.
Thats the Chicago way.

Obama is drunk with power and his supporters/media are blinded by love.

Why is anyone surprised? This is mob mentality! This is who they are.

Thanks for helping get this story out Jake- keep digging for the truth- one way or the other. You’re one of the few real journalists left in Washington.

Now that the WH threat has been made public Obama better cancel the busload of ACORN protesters.
Isn’t that how Obama/Democrats get what they want?
Send a mob of obnoxious protesters out at taxpayers expense to intimidate those who don’t agree?

“use the White House press corps to destroy its reputation.” Sounds like normal Democrat party policy….. just WATCH the White House daily press conferences…. It’s quite obvious the media has been very accommodating to BO and his lackeys’….. same thing BO is doing by releasing classified documents to the press…..

THUGGERY. Pure and simple thuggery. It’s like the mob…and it is anti American at it’s core.
We warned people about this prior to the election, yet, big business voted for this criminal…people who should have seen the writing on the wall…still…they voted for this megalomaniac.
WAKE UP, AMERICA.

How come Rattner hasn’t said anything?

It’s my sad duty to rain on the parade:
“Historical polling data shows Obama’s popularity during his first 100 days is right in the middle of the scores other new presidents received from the public over the past 60 years.
“Obama’s 63 percent average, according to a study released by Gallup last month, is the highest for a new president since Jimmy Carter (he clocked in at 69 percent during his first 100 days).
“But John F. Kennedy bested Obama by more than 10 points, with 74 percent. Dwight Eisenhower enjoyed a 71 percent rating early on.
“Even Richard Nixon averaged a 62 percent approval rating, just 1 point shy of Obama’s.
“Overall, Obama’s average for the first three months matched the historical average of 63 percent for presidents since Eisenhower.”
This guy has fooled people about as well as Nixon did, but not as well as Carter.

Obama claims that when Fiatt pays back the government it will own a controling interest in the company. How can that be went the UAW will own 55% of the stock? Am I missing something here??

Once again, thank you, Jake. I have no idea what your political inclinations may be (a tremendous and rare virtue in a journalist, to be sure), but you are perhaps the only member of the WHPC who isn’t a complete shill for the Administration. To say the American people deserve more journalists like you would be a tremendous understatement.

Time to start keying cars with Obama bumperstickers. Make the people pay who put this thug and his criminal crew in office. Do it with random acts.

Thank you Jake for being the one true journalist who asks the tough questions and reports the truth.

Man oh man, what has this nation become when you have a president trying to tell business how to operate or else. This is just the beginning folks, Obama will own you before its over.

Time to start keying cars with Obama bumperstickers. Make the people pay who put this thug and his criminal crew in office. Do it with random acts.
Posted by: Al Gibson | May 2, 2009 5:06:39 PM
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Time to start keying cars with Obama bumperstickers. Make the people pay who put this thug and his criminal crew in office. Do it with random acts.
Posted by: Al Gibson | May 2, 2009 5:06:39 PM
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Yep Al ,you’re a punk.

Obama misrepresented the “negotiation” with debtors who rejected his “deal they could not refuse.” Those debtors with whom he does not stand hold secured debt in Chrysler. They are entitled by law to stand at the front of the line in a bankruptcy proceeding. They rightfully rejected Obama’s offer of 30 cents on the dollar because the bankruptcy court must and will allow them to recover more of the money they loaned Chrysler. Obama knows this. So he resorts to heavy handed coercion. How is this any different than a mafia thug approaching a store owner and demanding protection money?

So he resorts to heavy handed coercion. How is this any different than a mafia thug approaching a store owner and demanding protection money?
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Publicly outing conniving liars is good for the nation and bad for hedge funds.
Sounds like the right idea to me.
This is not even akin to thuggery in the least , this is a good government repudiating and admonishing back door thievery and racketeering .
GO MR OBAMA ,MAKE IT HURT!!

NOT MY FAULT You described yourself well since you obviously voted for Obama. In about a year everyone will be saying it’s not my fault.
Posted by: billy bob | May 2, 2009 5:16:48 PM
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what do you mean “in about a year”?
that is all i have heard from republicans since obama was elected ,i.e. , “IT’S NOT REALLY OUR FAULT!!”.
LOSERS…ITS TOTALLY YOUR FAULT AND WE KNOW IT!!

Publicly outing conniving liars is good for the nation and bad for hedge funds.
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What makes the hedge funds conniving liars? Where would Chrysler be without their investment?
What about the investments of the people and groups the hedge funds represent?

They rightfully rejected Obama’s offer of 30 cents on the dollar because the bankruptcy court must and will allow them to recover more of the money they loaned Chrysler.
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Hmmm….. Are sure of the number? Is there 30% to get? How many others had secured debt? Are youn going to tell me that those banks had unsecured debt?
About the only individuals I know who don’t have security are the stockholders.

What I find unbelievable is that this story has barely been covered. Yes, I want to khow what is happening. I want to know the truth. We need the press to do what they should be doing: reporting the truth. These are scary times and I am starting to be fearful. We do have separation of powers, so that bullying and threats can’t happen. Why isn’t the press all over this story???

Posted by: Gina | May 2, 2009 5:39:30 PM
Posted by: jcarob | May 2, 2009 5:39:18 PM
Hey you 2 ,this post is for you!
Check it please.
Posted by: Not My Fault | May 2, 2009 5:12:34 PM
Scroll down until you see it ,then read.
It fits you both perfectly.
(btw your analysis of the white house press situation sounds more like fox news/hannity/rush/coulter ‘s diffuse rantings and the lemmings that repeat ad nausem without thought or question every word/lie they mumble.)

It’s time for these money makers to realize that the new President is NO PUSHOVER and any form of trying to benefit of the less powerful people in this country will NOT play well with the Obama administration …

Thanks Jake for being a real journalist and uncovering this story.
I do not trust or believe in government anymore and for sure do not believe that an Obama government will be a transparent one.

NO! We don’t key cars or anything violent. That’s what the radical left does. We simlpy keep informed and inform others of the truths they aren’t hearing on the mainstream media. Keep a file of the controversial issues and the lies and half truths most are hearing. Have facts to back up what you know. We will vote the dems out of office next year if we are vigilant. Then let Obama try to get by with the things he does now. He will be like Clinton with a Republican majority Congress. That I can live with.

One, this is a he-said she-said thing – there is no evidence it happened.
Two, where did Obama name names here? I re-read the transcript, and it is completely anonymous.
Three, it’s MY money these guys were making a play for. The only way they were going to get more than they were offered is from more taxpayer money being ponied up. I hope the media follows up and reports how bankruptcy worked out for them.
And finally, the bully pulpit is a legitimate power of the Presidency. This wasn’t sicking the IRS on them, or deposing them in front of Congress. This was merely threatening to tell the TRUTH about how they were doing business. I don’t have much sympathy for tantrums about how backroom old-boys dealing may start to be exposed to the public.

NO! We don’t key cars or anything violent. That’s what the radical left does.
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I find your statement interesting especially considering the poster said let key cars with Obama bumper stickers. How does that equate to that is what the radical left does?

Death threats and mob mentality–sounds like ACORN.
This is what we pay them to do?
I thought their main job was to intimidate banks into giving loans to everyone.

Has Rattner, the car czar, been fully vetted by the BO administration?

I swear you Obama supporters will say anything to cover for the guy, without having any idea of what you’re talking about mind you.
These hedge funds are peoples retirement accounts, they shouldn’t just on a decency standard be expected to be treated better then the UAW in this fiasco, they are legally required to be prioritized over them. Obama is lying to you when he tries to vilify them, they didn’t do anything to anyone to be treated this way and Obama knows it. That’s why he worked so hard for this not to get to bankruptcy court, now they’re going to be treated fairly.

“Three, it’s MY money these guys were making a play for,”
No it’s not. It was money they had lent to Chrysler which was secured by their interest in Chrysler corporation’s assets. You had nothing to do with it. But the United Auto Workers stand to get a ton of your money, and it will go down the rathole.

Jake–Thank you for your courage and integrity.
If it weren’t for you and a few other fair/balanced people in the media, Americans would not know the truth.

Thug Republic.

Here is Professor Mark J. Roe of the Harvard Law School:
“Worse, there could be a legal fight over whether the vote of Citibank and the other ‘big four’ creditors — J.P. Morgan Chase, Morgan Stanley and Goldman Sachs, who together hold 70% of Chrysler’s debt — should be counted toward the two-thirds threshold that would bind the company’s other 42 creditors. The Bankruptcy Code requires that the votes of creditors be given in ‘good faith.’ It won’t be hard for the smaller creditors to argue that Citibank and other TARP recipient’s votes aren’t in full good faith. In agreeing to Treasury’s offer of 32 cents for each $1 of their debt, the objectors would say, Citibank and some others were influenced by the fact that Treasury was keeping them afloat with federal subsidies. If this type of litigation begins, it won’t be easily resolved.”
On the one hand, we have Professor Roe. On the other hand, we have those who say this bankruptcy is no different from any other.
I agree with Professor Roe.

Obama has a history of using intimidation.
The WH has a pattern of intimidation and denial.
Do the research people.

Thuggish behavior? That is funny coming from a supporter of the Chaney, Rove, and Rumsfeld bully club. The answer to the question however is believe the President Barack Obama who has shown more integrity, honesty and character in 100 days then the Bush administration has shown in eight long years.

Jake.. Thank you for your integrity.

peggy:”NO! We don’t key cars or anything violent. ”
Why was my comment referencing the FACT that Jim Adkisson murdered two as a direct result of his far right views? I feel it is indeed relevant in response to the above to note a recent event that strongly suggests the far right has a long standing tendency towards extreme violence based on political ideology. FAR moreso than the lunatic left (who from McVeigh to Rudolph to Adkisson is behind by literally hundreds in the US body count).

Jake, offer the attorney a polygraph on film right now!

“Where the people fear the government you have tyranny. Where the government fears the people you have liberty.” -Thomas Jefferson

“That is good, but doesn’t make him right. The court may rule otherwise.”
What do we need a court for? The president has spoken. Case closed.

So let me get this right, the White House threatened to reveal the truth and the investment firm was scared that it would ruin its reputation so they preemptively file a lawsuit to make someone else look like the bad guy? I get it, more corporate/financial manipulation. Nice.

Yes more of the same pattern from this administration. Spin Spin Spin. Does anyone believe in God? Do you know that He loves justice? He is bringing all the lies of the administration out in the open for all to see.

I never, ever watch ABC Nightly news anymore. I use to love them but somehow, lately, they seem to be so biased. I want the truth, both good and bad, about what is goingo on. I am an adult and can handle the truth but ABC seems to think that we are all children and need them to screen everything. Had Bush done half the things that this administration has done, it would make news. Somehow ABC doesn’t deem it worthy. Wonder if we’ll hear how ‘insensitive’ Michelle Obama was helping out the hungry wearing $540 sneakers… remember when McCain wore dress shoes (not sneakers) that cost $520 and the media said he was disconnected??? This bullying is just one more instance of this administrations do-as-i-say-not-as-i-do.

In any “adversary proceeding” within a bankruptcy case, the parties are afforded the same rights of discovery provided to civil litigants under the Federal Rules of Civil Procedure. Thus, I would anticipate that Mr. Lauria and his colleagues will afford Mr. Ratter (and others) the opportunity to state under oath, subject to cross-examination, precisely who said what to whom. Witness to the conversation, if any, can similarly be subpoenaed and examined. So we’re likely to learn quite a bit more than we know now.
If I were litigating it, I would certainly inquire very deeply and aggressively into all converations between the United Auto Workers and any representative of the Executive Branch.

Hmmm…Since I posted the views of the estimable Prof. Roe, essentially echoing my own, on the issue of the good faith of some secured creditors’ agreement, there has been an astonishing silence from those who hold a different view
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I do not understand what you are saying, no one disagrees with you or the professor. It is going to the Bankruptcy court, what happens there is anyones guess, how much anyone gets if anything, is of no concern of mine.
The question is what are the motivations. If the creditors change their minds, so what? It has no bearing on this discussion.
That there strong tactics and arguments made, by both sides, no doubt. Did the white house threaten to ruin the reputation of a certain firm? I seriously doubt it.

President Obama is stiffing millions of Chrysler and GM investors.
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You are aware that Bankruptcy means that all stockholders, Millions of them are left holding the bag.

Thinking, Obama is breaking the law when he gives precedence to Union members rights over investors. Per the The Financial Times
On Wall Street: Chrysler saga sets dangerous precedent
“For once, the law is unambiguous: senior secured creditors should be paid before junior unsecured creditors and employees”
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Wow that is quite a statement,. I am sure I do not know what it it means exactly. I do know that under a Bankruptcy that allows the company to continue, the employees have first dibs on any revenue. That is they are are to be paid.
I do not know what obligations Chrysler has to the retirees, or how that works in a Bankruptcy, or how the UAW retiree fund will make out. It could be that the UAW will get nothing.
Under the Bankruptcy the US has no say, Before the Bankruptcy the US was trying to strike a deal with the creditors, that would prevent a bankruptcy. Saying that Obama was breaking the law is absurd. They were not in Bankruptcy.
Now that they are in Bankruptcy every one of us who own an index fund have just lost our stake in Chrysler. While millions who bought Credit default swaps for Chrysler, weather they owned bonds or not, have made out.

Both are stiffing the rightful owners of Chrysler and GM assets, the investors, out of their money.
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As a stock holder I was a rightful owner. No that Chrysler is in bankruptcy my stock is worthless. Thank you hedge funds.

“As a stock holder I was a rightful owner.”
And the value of your shares is rightfully at zero, as happens in every bankruptcy (equity holders are last at the table). Hedge funds had nothing to do with your problem. Perhaps you should phone the investment advisor who recommended purchasing shares of Chrysler–or did you do that all on your own?

Tapper,
You are rapidly becoming the best journalist of your generation. Tough on both sides, an enquiring mind and you actually seem to know the meaning of the word journalist.
Keep up the good work.

Perhaps you should phone the investment advisor who recommended purchasing shares of Chrysler–or did you do that all on your own?
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No. It was from the S&P 500 index fund and other index funds that I purchase through the 401k. Which I remind you that millions of us purchase. Why you probably own some. Most investment advisers will say that an index fund is the safest most secure way to diversify your portfolio.
Thanks for your concern though. Allthough I was just pointing out that I was an owner.

UAW now owns 55% of Chrysler.
UAW represents the employees at Ford and GM.
President Obama & Houston:
We have a problem here!

Wonder if any of the small investors are your grandparents? When Obama gets through with hedgefunds maybe your grandparents will be out on the street. Obama just may destroy your parents or grandparent’s small investment while blaming everything on people for just doing their jobs. Either Obama is stupid or he is literally trying to destroy America. Some of you people don’t have a clue. You rant and rave about things because you think Obama is cute while at the same time he takes your hard earned money and blames people that are working hard to protect their investors. Some investors are small and some are very large. Their job is to go out and find money to keep investments prosperous. You wait until the trillions of dollars Obama is spending comes due. Talk about greed. Trillions are being spent that America does not have is pure GREED and political rape on all citizens. Who the heck is going to pay for it all? There are just not enough people in the United States to pay for all that money. I understand that Obama is spending more money than what has been spent since George Washington was president. After Obama’s first 100 days, it appears there is not going to be a dime left for anyone by the time his first term is up. I guess all of us will be working for the Chinese or the Arabs. Obama won’t have to worry about that, because he’ll be on some island drinking margaritas having a good time. I guarantee you if you disagree with the Chinese or the Arabs they will just chop your head off or shoot you in the back of the head. Now that would be torture.

“Bush crimes: Ummm. Torture.”
Obama crimes: Ummm. Murder (assassinations by Predator drones in Pakistan). Or does he have a defense to such a charge? If so, what is it? By what authority does he launch those strikes?

UAW now owns 55% of Chrysler
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Get it into your head. The UAW doen’t own 55% of Chrysler. The deal fell through.

Allthough I was just pointing out that I was an owner.
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I’m not prepared to push aside the rule of law because it would be more profitable for me to do so.

When the only tool you have is a hammer, everything looks like a nail.
Obama and his wife have never worked in the private sector. They dislike what they don’t understand. By the way, how’s Joe Binden (who never worked in the private sector either) doing watching all those bailout funds ? The funds are disapearing into a black hole.

Welcome to the Thugocracy. Thank you Mr. Tapper for shining a light on this particularly slimy episode.
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Jake and the rest of the WH press corps has been slimed by this as well, if it’s true.

Can the President be impeached for extortion?

I’m not prepared to push aside the rule of law because it would be more profitable for me to do so.
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No one pushed aside the rule of law, no one proposed puishing aside the rule of law. No law was broken, the company was not in Bankruptcy, the creditors and the company were free to make any agreement that they so desire. Period.

As usual, MayBee has an excellent response to a silly defense of WH tactics: “What makes the hedge funds conniving liars? Where would Chrysler be without their investment?What about the investments of the people and groups the hedge funds represent?”
That’s a real problem here. Yes, a president has a bully pulpit and can often effectively use that platform to jawbone people into agreeing with his positions. It seems to me, however, that the current WH is dangerously close to going being jawboning to inappropriate strong arming of those who get in their way. The attorney might well exaggerate, but his accusation does not sound implausible to me.

So what they said they weren’t going to do, the Obama administration went ahead and did. They threatened to embarrass them publicly for doing what they are supposed to do and thats what they did. The only ones who win with the Chrysler mess is the UAW, big shocker.
But that’s Obama’s MO. Dare to question him on substance and he attacks personally no matter how little the attack is true.

Citizen70, you were very insightful when you wrote, “Obama came to power through innuendo and maintains it the very same way. He always says, “….there are those who would say….” – pure innuendo. He did it to Hillary, to McCain, and anyone who stands in his way.” He creates strawman opponents and responds to them, rather than addressing the legitimate criticisms of actual critics.
He also has a related verbal tic of saying, “as I have said before” when presenting an idea he has not previously floated, acting as if people are simple-minded and have not been listening for asking him about something he does not want to discuss.

“Chrylser owed the employee retirement fund 10 billion dollars. Either Chrysler or the federal government is in hawk for it. Get that into your head.”
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And why should the hedge funds be liable for that? That’s what Obama was pushing for. Now it’s going into bankruptcy where those benefits and pensions are going to get slashed, as they should.

Kerry:”The problem with your premise, “no law was broken”… This goes against the rule of law that President Obama has sworn to uphold.”
No, actually, it does not. There is room within the rule of law to use the bully pulpit of the Presidency as long as NO LAWS ARE BROKEN. That’s kinda the definition of ‘rule of law.’
“I just know that if President Bush had tried the same tactics in order to benefit his cronies the media would be screaming for his impeachment and rightly so.”
Ah, the fantasizing that the media is all to blame. So, has Cheney released the attendees to his energy task force meetings yet? You know, the ones that major energy producers attended to set the nation’s energy policy just before those energy producers (some would call cronies) had their highest profits ever? Did I miss that impeachment push or are you utterly wrong?

Thanks Jake.
You are the only “real” reporter left.

Chrylser owed the employee retirement fund 10 billion dollars. Either Chrysler or the federal government is in hawk for it.
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The government is in hock for a lot of things. No need to worry, the administration doesn’t believe 10 billion is that much money because it is a tiny percentage of the $3.6 trillion budget.

President Obama was not only using his “bully pulpit” to strong arm investors into giving up their lawful rights he was also allegedly using threats that the compliant media would be used to smear the reputation of the investors if he did not get his way. Sounds a lot like blackmail to me which is most definitely illegal by any definition of the law.

Dittos to anyone thanking Jake Tapper for having the guts and intelligence to do the job our society has always expected from the press i.e. be skeptical, dig out the truth and report it fairly and without bias.

It wasn’t so much that they wouldn’t take what Obama wanted to give them it was the fact that they had a contract with Chrysler which put them as first in line for recovery of funds if Chrysler filed bankrupt. Seems like Obama the lawyer, who never really practiced law, didn’t want to recognize a valid contract which had a clause relating to Chrysler filing bankruptcy.
Just anothe example of Obama trying to use his roughshod Chicago style politics on the rest of the country. This administration is nothing but a bunch of crooks, they are robbing our children, grand-children, and more.

And thanks to Jake Tapper for asking questions his fellow journalists are too enchanted to ask.

Could this have anything to do with Parella’s last-minute capitulation?
“Representatives for Perella Weinberg, which is advising the government on a wide range of banking issues…”

90% of the negative comments are from the 20%er wingnuts who’ll never approve of anything the president does or says. The investors invested in a company that went bankrupt. They were apparently a minority among the interests in opposing the bankruptcy deal that was put in place. Is it true that they wanted a taxpayer bailout instead? And how would the wingnuts have responded to that?
So far, Obama’s doing a pretty good job containing the mess that Bush left him. We’ll see if he turns things around though. If he doesn’t, then hopefully the Republicans can find somebody not insane and beholden to Rush to run in 12. How about Olympia Snowe? She’s about 10 billion times more competent and intelligent and qualified than Palin, but gets nothing but scorn from the crazies in the GOP base.

A little background:
“Obama’s chief of staff, Rahm Emanuel, had earned somewhere between $16-$20 million in something between two and three years as an investment banker at Wasserstein Perella & Co. when the Clinton Administration went into exile in 2001, even though Emanuel had zero education, training, or experience as an investment banker or any sort of businessman. And yes — that’s the same Perella; he’d moved on to Morgan Stanley by the time Emanuel was at Wasserstein Perella & Co., but it’s such a small world, isn’t it?)”
This is how Mr. Obama spoke of Mr. Emanuel’s benefactors this week:
“Peter A. Weinberg and Joseph R. Perella are part of a band of Wall Street renegades — ‘a small group of speculators,’ President Obama called them Thursday — who helped bankrupt Chrysler.”

Fascist Hyena:”This is how Mr. Obama spoke of Mr. Emanuel’s benefactors this week:”
I’m really not sure of your point – are you saying Obama is bad because he’s not showing proper Good ‘Ol Boy deference to a guy who once held a high position at his chief of staff’s ex-employer (but had left the firm before that stint), Joseph R. Perella?
Seriously, what was the point of that? That the Obama administration has not been corrupted by money is the only I see.

This is too easy to believe. Remember how the media tore private citizen Joe the plumber apart for simply asking a question. Look how they maligned the Tea Parties. They still have not stopped savaging Gov. Palin.
Anyone who dares to oppose Obama is at risk of the MSM attack dogs going after them.

This one may actually sink Obama. If he did indeed threaten him then this could turn into a felony and if the direct orders came from Obama he would be charged. There are legs on this one like I’ve never seen before.

I saw Obama’s news conference and he never mentioned any hedge fund by name; so it is obvious there are numerous lies in the article. It was Bush’s treasury secretary that supposedly threatened the BIG BANKS over TARP. Gee he was just trying to bring the world economy back from the brink of disaster where
Bush the brainless took it.
GOP LIARS. Go AWAY. we see what your goof ball ideas bring us. Hve the decency to just shut up after the destruction you have caused.

Brad:” If he did indeed threaten him then this could turn into a felony and if the direct orders came from Obama he would be charged”
You’re delusional. ‘Threatening’ to publicize true and accurate information is not a crime, even if he did do it. Heck, Bush accused the NY Times of treason – a crime punishable by death. Now that’s a threat. “I’ll name you and truthfully recount what you did to hold you responsible for your actions” is NOT a threat as it is legally defined, no matter how much you hate Obama.

Foghorn Leghorn:”Yeah. That’s credible.”
It’s public record how they did. I was in by 2001 and out by late 2006. The crashing dollar was a real driver.

“President Obama allegedly threatened to use the WHPC to destroy the reputations of private citizens as a punishment for not giving up their legal rights to their rightful share of Chrysler’s assets. If this is true, Obama should be impeached.”
I agree, but anyone who dares say anything negative about President Obama is called a bunch of names and torn apart by the media and his other cult followers. Given this I am surprised that Tapper came out with the story. Obama is one scary dude.

“‘Threatening’ to publicize true and accurate information is not a crime…”
If you don’t have sex with me, I will tell the world who is really the father of your children. Crime or no crime?
(Where did the “true and accurate” come from, anyway?)

“Seriously, what was the point of that?”
I should think the point was quite obvious. Obama uses a term of opprobrium to describe an organization from which his chief of staff was all too happy to make millions. If the point does not bother you, fine–but it certainly seems to, which adds further delight.

Hi Barbara,
Peace friend… don’t get too emotionally involved in politics. In reality it is you that have the most control over you life and your situation. The adversaries you oppose are more in your mind than in reality. If we met, I would give you a warm handshake and a smile despite being one of those you oppose.

“”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.”
It is quite inappropriate for him to “stand with” any unsecured creditors as against the secured creditors. The fact that he has coercive authority over some of the latter makes his stance particularly offensive, and would be the subject of great media outrage were a Republican president to do it.

This story is just like a Rorschach test. There’s absolutely no hard evidence one way or the other, it’s just reporting an allegation. Everyone is automatically seeing exactly – and only – what they want to see. From the right: Aha! Obama’s a lying, thieving crook and he should burn in hell! I told you! From the left: Aha! The bankers are lying, thieving crooks and they should burn in hell! I told you! Nobody has any proof either way yet. It’s the same, all across the Internet. Everyone sees only what they want to see, and so fast to write hate-filled comments excoriating the other side. The climate in this country is really, really hateful, and we’re all suffering because of it. Isn’t there a way to cool it down?

Thanks for the kind words, Terry. Hopefully they were sincere. I have traded my own stocks everyday for over 30 years. I sold in 2007 because I perceived that crooks were runng our government and deregulating other crooks who ran banks, insurance companies and hedge funds.
Now we have an honest leader, in my opinion. I have been buying stocks and doing well. I’m with the decent people who can compromize and make sacrifices, and just like Obama, I am not with the greedy ones who cause mass destruction because they think everyone should sacrifice but them.
By the way, if the WH wanted to threaten them, I am sure they would be smart enough just to suggest that the SEC will now be regulating hedge funds which is what is going to happen. I’ve got other news for you folks… There is no way any one could further injure the reputations of hedge funds anymore than they could injure the reputation of an AIG; so as I say, the story is silly and makes no sense which means it was made up by the only silly people I know of which are the GOP.

“This one may actually sink Obama. If he did indeed threaten him then this could turn into a felony and if the direct orders came from Obama he would be charged. There are legs on this one like I’ve never seen before.”
You betcha, wing nut.

This attorney represents hedgefunds and wall street the same group of people who brought down the economy. They think they can do business as usual, while asking the President and the American taxpayer to bail them out so they can raise interest rates and scam us again.
Give me a break!!! We are all having to sacrifice and I am tired of Wall Street and Bankers think they have it tough while they continue their unethical business practices and giving bonus while losing money.

Until this administration is out of power, I won’t buy any corporate bonds in unionized firms.

Hey jhw539, you have no idea what you are talking about. This now makes twice Obama has threatened people. Keep wishing jhw539 that this crook is going to stay in office. Just around the corner is a large Court getting ready to lower the hammer on Obama. Finally!

Gee isn’t it great thatour President thinks that it is agaisn tthe law to want your investments to pay and not to have to take pennies on the dollar like they were demanding?The thugs from Chicago strike again.Smart attorney to get out in front and cut off the talking points of Obummer.Since when is it greedy to not want to be taken to the cleaner for investing when the industy needed them if not for the investor’s they would’ve went Bankrupt about 3 years ago

“When governments fear the people, there is liberty. When people fear the government, there is tyranny.”
- Thomas Jefferson

Terry,
You seem like a kind person. I am sorry you lost money during these horrendous times.
It was not the Democrats who believed in deregulating everything. It was the GOP. There was that disasterous Bankruptcy bill GOP pushed through. That was a complete gutting of the consumer.The bill was written for the GOP by the credit card companies just like they let the cable companies and the telephone companies write the telecommunications bill back in the 90″s. look at your cable bill, Terry. What do you get for it. Then there was the killing of the Glass Stegal act by phil Gramm and company in 1999.. Letting banks take on enormous risks and weird financial products.
Things started looking worse in 2007 because the Democrats started having hearings and bringing out the truth. It was then obvious that the emperor had no clothes. The Democrats had asked Greenspan almost a decade ago about derivatives and about lending practices in the mortgage industry. 18 States wanted to start cracking down on the mortgage industry and Bush prevented them from doing that in spite of the fact that Appraiser whistle blowers were quitting their jobs saying that they were being asked to break the law and over value properties. These are facts, not the old wives tales about Fannie and Freddie the GOP tries to peddle. Fannie and Freddie did not sell fraudulent products. By mandate, they were forced to back the ones sold by crooked private companies and crooked rating agencies. S&P, Ambac, Moody’s, etc.
I could go on. have a nice evening. i wish I could be as kind and civil as you are, but i am angry at the right wing. Nothing is ever their fault, ever!
Good Luck, terry

Personally, I think this article is very poorly written. It is full of inuendo and bereft of facts.

If anyone had made an accusation similar to this about Bush, there would have been calls for a special prosecutor to conduct an investigation. Eric Holder, are you a patsy, or the Attorney General of the people.?

Keep up the good work, Tapps. If this is true, this is an outrage, and every legal avenue should be pursued to squelch these attempts at government coercion.

The white house has lied before… it continues to prey on the weak and vulnerable people with misleading statements.They have perfected the talent of such.
Why do you think they hate FOX news so much… if fox news was lying the whitehouse would have every means to file a complaint or sue them but they don’t because they know better.
It angers this administration beyond words and it shows. They can’t control FOX news and it really bites them hard.
I hope more businesses start to come forth and put the truth out there. No business needs to be bullied into the control of this administration.
The people will stand behind them. Because we can see what is real and what is not… does not matter what the whitehouse says… they lied many times. from what I see
Just my thoughts on the topic

Barbara, what flavor kool aide, pray tell are you drinking this evening?
When it comes to dodging responsibility, you can put Schumer, Frank, Pelosi, Dodd and Obama at the very top of the list. As a matter of fact, President Obama is the first President in my 45 years who has spent more time blaming everyone else for the problems he faces than accepting the responsibility that comes with the big chair. Perhaps you could email his campaign 2012 website and remind him that the deficit he supposedly inherited, was voted for by him when he was a Senator?

Mr. Tapper- You’re great! This is incredibly good investigative reporting!! I’m surprised that the MSM is avoiding this really uber relevant story! Keep up the excellent work!!

So who’s idea was it to invest heavily in the auto industry’s attempt to sell the American public fleet of millions of big gas-guzzling pieces of junk for as long as possible? The shareholders should take a hit. The whole SUV craze was one of the dumbest phenomena I’ve ever seen. Hopefully Americans have learned that they can’t all buy huge ridiculous vehicles as part of a fashion trend like they were sneakers or something.

KSM, secret ballots for unions huh? How about they take pride and say “Yes, I voted for the union. By the way since the company now has to pay alot more to pay my wage, they gotta let you go.
Nevermind George over there, even if he’s sleepingont he job, he won’t loose his job. Unions got his back!” Screw that! Let every union BURN and let those who sowed the wind of speculation reap the whirlwind of poverty. As far as this story goes, good riddance to those who want to “hold out for more”. You know what, it’s the unrestrained greed that seeps out of my countrymens pores that’s the cause of this. It’ll hurt but i hope they learn a little lesson on restraint.

95% of Americans enjoying President Barack Obama’s tax cut are in for an unpleasant surprise next spring.
The government is going to want some of that money back.
Ask about that Jake Tapper.

NO MORE MONEY TO THIS THEY LOST ENOUGHT

Good job, Jake. Keep digging – for as long as ABC lets you. Unfortunately, you will never again be allowed to ask a question at a White House press conference, and all your WH sources will mysteriously now go mum. You are now to be shunned as an “enemy” of the administration. Folks, the Nixon administration’s anti-press sentiments have nothing on Rahm and the Obama team. Jake will now be on the White House Enemies List for daring to air a story that is unflattering to the WH.

>>>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.”<<< We know the value of White House denials of these kind. Do you recall that famous denial "I…did not…have sex…with that woman…" ?

Americans didn’t get a tax cut. The government reduced the amount of federal withholding by $13 paychek every 2 weeks.
At the end of the year this money will have to be paid back. If you get a tax refund it will be minus this amount.

Is President Obama, Richard Nixon incarnate?

Anytime you talk to the Obama or the Obama team. You should be wearing a WIRE TAP.
EXPOSED

People really need to pay attention to what Obama does instead of what he says.
He says he doesn’t want to own auto companies and he took control of auto industries.
He says he doesn’t want to control banks and he bought into BofA and won’t let others pay back TARP funds.
It’s all part of the plan and denying it is merely a headfake.

Frank Beckmann is a rightwing stooge. Anyone who believes anything that clown says, or what any of his guests trying to advance his agenda says, is a moron.
Beckmann is also the play by play announcer for the University of Michigan football team.
And he’s just as biased for the “home team” on his UofM broadcasts as he is in his column and his radio talk program. He’s worthless.
This was clearly a power play by one of Chryslers bond holders to push back against getting a large haircut. Pathetic.

Frank Beckmann is a rightwing stooge. Anyone who believes anything that clown says, or what any of his guests trying to advance his agenda says, is a moron…
This was clearly a power play by one of Chryslers bond holders to push back against getting a large haircut. Pathetic.
Posted by: Hesiod | May 3, 2009 8:53:21 AM
————————————
See, only Republicans are guilty of everything, Democrats are angels.
It’s what we’ve been told to believe.
Posted by: Rev. Dr. E. Buzz Miller | May 3, 2009 8:43:39 AM
————————————-
Rev. Dr. E. Buzz Miller, As an Independent I can see your point.

“Why aren’t you bothered by the possibility that your government is threatening to destroy the reputations of private citizens who dare assert their contractual rights in court?”
Even if we should believe this charge, how can the government destroy their reputations? Are they afraid that they will be caught looking out for #1 again after they just got done putting money into companies that were selling people junk. If they are behaving reputably they ought to have no fear.

“I am a libertarian, who was once a Democrat and crawled out of the illogic and stupidity that makes up the leftist philosophy.”
Libertarians always seem to be smug in the conviction that their ideas are very logical and make such good sense, but when you try and actually make policy based on them they turn out to be hopelessly impractical.

“Are they afraid that they will be caught looking out for #1 again after they just got done putting money”
So another Commu-crat shows that he is thrilled that Obama is destroying the private capital markets. So, einstein, how do you propose to get private citizens to invest their capital in business ventures if Comrade Obama and Comrade Pelosi can come in at any time as simply override the LAWS OF OUR NATION in telling them that your legal claims are irrelevant? Do you understand bond investments at all? What about principal stock vs common stock?
Well, your idiot Obama is quickly destroying the difference because he obviously does NOT understand them as he has often stated! And you idiot followers, especially the young ones will be paying for the consequences for years. I hope you enjoy 15% unemployment, if not higher. Obama’s Legacy, a Welfare Nation.

“In short, Obama wants companies to eat nearly $5 billion so that he can give away Chrysler to protect union jobs.
“The unions that backed him. This is their payoff.
“If true, this is the biggest corruption scam in American history.
“But like Obama’s $750 million campaign jackpot, this alleged pay-to-play scam will not be investigated by the authorities, Congress or the press.”
Thank God for Jake Tapper. The rest of the lapdogs are an embarrassment to themselves.

Fun Facts about the first 100 days:
•Obama’s first two major bills alone, the “stimulus” and ‘omnibus,’ cost nearly twice as much as was spent on Iraq over six years – $1.2 trillion vs. $650 billion.
•Obama abandoned his campaign promise of ‘a net spending cut,’ his first annual deficit – not counting bailouts – being three times the worst deficit under President George W. Bush.
•Obama’s objective in his first G20 summit – commitments to spend our way to prosperity with massive stimulus boondoggles across the G20 – was rejected out of hand.
•Obama’s objective in his first NATO summit – commitments to combat troops for Afghanistan from ‘our European allies,’ which Obama and his party imagined were ready and willing to fight if only someone ‘enlightened’ like him were running things – was predictably refused, with some more European non-combat contingents offered as a token.
•Obama’s Defence Department announced cuts of $1.4 billion to missile defence, the day after North Korea test-fired its long-range, multi-stage ballistic missile.
•Obama’s economics were criticized by Warren Buffet, whose endorsement had been candidate Obama’s highest economic credential.
•Obama reversed the free trade Bush policy that had allowed about 100 Mexican tractor-trailers into the United States, which the Mexican government immediately used as an excuse to levy tariffs on 90 American goods amounting to $2.4 billion in U.S. exports.
•Obama’s ‘tax cuts for 95 per cent’ turned out to mean $13 a week from June to December, to be clawed back to $8 a week in January – as compared with President Bush’s 2008 tax rebates of $600 to $1,200 plus $300 per child, which were notably scoffed at during the election campaign by Michelle Obama.
•Obama’s campaign promise of a $3,000-per-employee tax credit for businesses that hired new workers – repeated ad nauseam for weeks before the election – was discreetly retired even before inauguration day.
•Obama abandoned his campaign promise that ‘lobbyists won’t work in my White House,”‘waiving his no-lobbyist executive order or conveniently re-
defining his appointees’ past lobbying work to allow 30 lobbyists into his administration.
•Obama abandoned his campaign promise to reform earmarks, signing the omnibus bill which contained 8,816 of them.
•Obama took more money from AIG than any other politician in 2008 – over $100,000 – and signed into law the provision guaranteeing the AIG bonuses which later had him in front of the cameras ‘shaking with outrage’ and siccing the pitchfork crowd on law-abiding citizens who had fulfilled their end of a contract and had their payment upheld by Obama’s own legislation.

“Which brings us to the real question, which is, when did it become the government’s job to intervene in the bankruptcy process to move junior creditors who belong to favored political constituencies to the front of the line? Leave aside the moral point that these people lent money under a given set of rules, and now the government wants to intervene in our extremely well-functioning (and generous) bankruptcy regime solely in order to save a favored Democratic interest group.
“No, leave that aside for the nonce, and let’s pretend that the most important thing in the world, far more interesting than stupid concepts like the rule of law, is saving unions. What do you think this is going to do to the supply of credit for industries with powerful unions?”

To the Banks & Investors that received BAILOUT $$$, for all that still refuse to work with homeowners, forcing them to foreclose.
IT HAS GENERALLY BEEN ASSUMED BY CUSTOM, POLICY AND PRECEDENT, FOREVER, THAT THE LENDER IS SOPHISTICATED ENOUGH TO JUDGE WHETHER OR NOT AN INDIVIDUAL CAN AFFORD A LOAN.
I wish that skin color did not have to enter into the picture – the lenders are wolves (simple racketeers) taking advantage of sheep – black and white.
The lenders should be PROSECUTED UNDER RICO (Racheteer Influenced and Corrput Organizatons Act) and have any monies collected in this fraud seized and paid out to the victims. I think the “lenders” would be much more amiable to negotiating interest rates and payments if they knew they were vulnerable under RICO.

Skip — ” If they are behaving reputably they ought to have no fear.”
So I guess you’re okay if the administration were to try a smear job on you for some good-sounding reason? How about if they spied on you? Opened your mail? I mean, if you’re behaving reputably …

How come FOX news isn’t reporting this?

Bulletin for Disappointed Homeowner:
None of the holdout creditors of Chrysler took a penny of taxpayer money.

Thank You Jake Tapper!! Keep up the good work! Let it be known that the President of the United States has ZERO power over ANY private corporation, whether or not they received bailout funds. The bond and stockholders own the corporations and it is illegal for a President of the U.S. to state ANYTHING regarding their business. The only power the President of the United States has over any dealings in a corporation is the ability to dissolve a Union per the Labor Act of 1938. Obama and his Adminstration I’m afraid have crossed the line now and there is not explaining this away. Good job Jake Tapper! We are behind you!

“Fun Facts about the first 100 days:”
In fairness it should be pointed out that France has agreed to take one Guantanamo detainee.

True enough, Foghorn. I put quotes around her comments, but then neglected to cite her by name.

No surprise that this story has gained no traction.

Sorry, Bill. You have no credibility – and neither does your boss.

Now lets not ask Obama anything over a 6th grade level question on this or he will not call on reporters to ask any question at all.. “enchanting huh”

Kendall, I hope you were being sarcastic when you wrote,”Poor babies – they can always return the bailout money to protest.” That’s one of the most maddening things about this whole mess– companies who took bailout money are having a hard time regaining their independence by returning the money. The government won’t let them just return the money, even the financial institutions who didn’t really need money in the first place but were asked/told to take it anyway to provide cover for the weaker companies that did need it.
And if you argue that financial institutions that took TARP money should just accept that the government gets to call the shots, you have to ask why the government should be able to force them to make decisions that are not in their financial best interest. So say a company got tarp money because of its financial situation, and now it is being told that it should write off a Chrysler debt for less than it might be able to get under ordinary bankruptcy standards. Wouldn’t writing off that debt, or settling for far less, further weaken its balance sheet? Isnt’ the idea to have these institutions become stronger financially, not weaker?

Moderate,
Actually I was being facetious. But I do not buy that companies were forced to take bailout money. I don’t believe these bankers/investors did anything that they thought wasn’t in their best interest. They took a risk and…. there are no guarantees. Their disappointment mirrors that of other Americans who have had to deal with the fallout of irresponsible and reckless decisions by both government and the private sector.

Are you saying Chrysler was selling junk? If so, why should President Obama be putting our money – taxpayer money- into it?
I most certainly am. And so were Ford and GM -as many people were unpleasantly surprised to find out when they saw the pittance they were offered on trade-in of many of these vehicles. The rest of your comments would be valid under normal circumstances except in this case the Obama administration has made the apparently controversial decision that it’s in our long term national interest to try and save one of our largest auto manufacturers. As part of the rescue they want Chrysler to design and market good cars.

Jake keep telling the truth
everyone wants t hear both sides of any story You have courage keep up the good work

Tiny Tim let another investment bank and a shadow bank.. hang out to dry last Sept. .. how much has this cost the U.S. taxpayer.. I believe that there is a near criminal conspiracy going in within the beltway!!

Its amazing to see a president stealing from the Americans who did nothing wrong but invest in Chrysler and hand it off to the UAW which was the cause of the downfall of the US car companies in the first place.
Anyone who believes in free enterprise will definitely not buy a Chrysler or GM car after Obama has socialized them. That means half the American people. SO stick a fork in both companies they are done.
I expect prosecutions of the Obama administration to come about when the republicans take the country back for this. Its a clear violation of unreasonable search and seizure laws .

As far as Tiny Tim and the others go, they’re like the same wine put in a different cask. When you do that, you get as the end result bitterness. Anyone drink to that?

Well, since the president doesn’t stand with Lauria’s clients, I guess it’s a good thing Lauria and his fellow fund managers do. Don’t those clients represent a cross section of America, including many of the public employees Obama considers “his people?”
I don’t like this president setting himself up to be The One determining who among us will be winners and who will be losers. We have laws that govern bankruptcy and reorganization for a good reason, so that investors can make rational decisions based on risk/reward evaluations. The president has no business “rearranging” things to suit his personal code of “fairness”.
========================
“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.”
========================
This White House sounds more and more like Clinton’s all the time. Instead of issuing a direct denial, Clinton’s people would say something like “there’s no evidence that such-and-such happened.” At least this administration is still issuing denials.

New Chrysler. Autos by Fiat by fiat.

Seems as though the Tiny Tim wine blend has ‘gone to vinegar’.

This Rattner is a former NY Times reporter and is tight with Bloomberg and the dazzling Pinch Sulzberger, publisher of the Times.
His outfit Quadrangle Group has a client list full of elite media like Comcast, Cablevision, Bloomberg LLC, NY Times.
He is on record (according to Vanity Fair) to be in favor of transforming failing newspapers into ‘public trusts”.
Rattner has been named as a payor to corrupt and indicted NY pension player HHenry “honest Hank” Morris to gain access to the massive NY State Pension fund. He has also been connected to a New Mexico State Pension payment involving NM Governor Bill Richardson.

Who is Obama to talk about the “millions of Americans who want to buy Chrysler cars”? If millions of Americans wanted to buy Chrysler cars, the firm wouldn’t be in this position.

I am sure it happened, that’s the way they gor elected, using the press to lie for them. The Obama regime is already a most corrupt regime. Wait long enough and they will make Hitler look good!

Fascist pig IMPEACH obama

I guess Obama thinks he owns the press.

Typical of the Big Brother Bully Obama Administration.
Wait until this administration starts using the torture techniques (that they allegedly decry) against “dissidents” — critics of the Obama Administration.

“Cry me a river.”
Posted by: Kathleen Hussein in Maine | May 3, 2009 4:52:58 PM
That was a great post Kathleen, I wish you would visit us more often.

It was politically stupid for Obama to handle the Chrysler announcement personally. He’ll have hundreds of chances to play the hero over the coming years. This situation is liable to blow up in his face. One obvious disadvantage of a heaIthy Chrysler is more competition for Ford and GM. I realize the press is in the tank for Obama now and that his major gaffes have been ignored, or even missed by a love blind media. However, the media can also be fickle. Yeah, Obama should have let an underling do the Chrysler stuff.

Gee Peter, thanks for that well-informed commentary.
Let’s inject a dose of reality. The bondholders – without whom the employees of Chrysler would have been out of a job long ago – own $27 billion in SECURED loans. The UAW has $10 in UN-SECURED claims. So the bondholders have roughly 3x the investment in the company pre-bankruptcy.
Obama is proposing that the UAW get 38% of the company and the bondholders just 10%. Let’s call if what it is: theft.
Who will lend to any auto company in the future? Those who do will demand exhorbitant terms to compensate them for the added risk, meaning that the employees will get screwed, to use your terminology.
Those are the facts, but I’m sure from reading your informed post that you were well aware of all this already.

Thank God this President has the balls to stand up for the common worker.
Boo Hoo! – the hedge funds didn’t get what they wanted, so they took their ball and left the game.
Obama just reported what they did. Adding that he didn’t appreciate it.
WELL, neither do I! I don’t expect businesses to become charities – but where’s the patriotism of “doing what’s best for the country” – or is everything only about the bottom line? They are supposed to be the best and the brightest – WHY could they not negotiate with the Obama Administration for a “win-win” proposition – knowing the dire straits the U.S. is in? Entitled Brats!
These guys can’t have it both ways. The public will ignore these crocodile tears. Watch & see.

I for some reason tend to believe the attorney from White & Case. Of course the fund would deny it was threatened. It did drop out of the group.
While banks and hedge funds etc. have not been the best of citizens lately, the bond holders do have “contracts.” They have priorities under the bankruptcy laws which the administration is taking away and giving others superior rights. This whole bailout situation is out of control.

Once again Obama is using Chavez’s nasty little playbook. Take control of the free market enterprise system any way he can, then edge out any one left trying to stake a legal claim, and assume ownership for the state in the guise of ownership by the people. I used to think Obama might be good for this country. These tactics will ensure that I will never vote another for another democrat as long as I live.Shove that hope and change lie. Post politics candidate my hiney.

Fantastic, honor .29 cents on the dollar, see how well that encourages vendors caught in the crossfire!
Whose gonna do business in this environment?
Obama has killed confidence and trust in ANY contract.
Time to restrict Anchor and Media pay???

WHY could they not negotiate with the Obama Administration for a “win-win” proposition
How do you negotiate in good faith with a man who threatens to publicly destroy your reputation of you don’t give him what he wants? The UAW got 55% ownership, a 4.6 billion dollar note in return for the $8.2 billion they are owed, and the banks with secured liens are supposed to accept 2 billion instead of the 6.9 billion they are owed?

America100 days
One government made crisis after another
100 days
One government made crisis after another
We need to start a count down
If Bush is bad
obama is THE boogeyman!
WIlson

Of course this administration has to bend the truth in order to continue with their social engineering of America.

So,in essence, according to this attorney, we have an admission from the White House that they control the White House Press Corps?
Could no one see this coming?? Seriously….all one had to do was observe Obama’s behavior and record in Illinois to know fully well of what he is capable.
Unfortunately, all the little college kids who put Obama in office are working off their hangovers and trying to get through final exams ….and have NO CLUE the tenuous position in which they have placed the rest of us, the PRODUCTIVE class of America…as well as the future of this country.

Screw the investment bankers. If they were halfway competent, they would have stopped investing in Chrysler a long time ago. Any idiot could see the writing on the wall for the last 10-15 years that Chrysler and GM were going down faster than a fat girl on a donut.
They were waiting for their taxpayer bailout. It’s unfortunate they’re getting even .29 on the dollar.

Obama is simply rewarding his Union thugs and playing Chicago politics. What a shameful disgrace of the office of President

Read “Liberal Fascism” by Jonah Goldberg, of the LA Times, New Yorker, WSJ and The Review.
Then the light bulb will finally, finally go on. America is NOT this liberal or extreme. Get over the ‘feel good’ crap and start using your thinking brain before it is too late.

when you have a Socialist with no appreciation for business, and no understanding of business, in power, these antics should not be a surprise.
what, this wasnt the Hope and Change you were looking for?

while the story needs verification, in the past there have been ample cases where the white house has played the “heavy”. their need to play rough will cover and obstruct any attempt to uncover their role in the creation of this mess and allow them to re-write history.

This is typical Obama. You mess with the messiah and you are asking for trouble. He has already put a board together to shut down conservative talk radio. You libs wanted change you are getting it. You probably should have looked at his record and demanded to know what changes he planned on making. It will not stop here either. It will continue until he reaches dictator.

Let the union have 55 % of the company. When the new company goes belly up again they can sell all the assets and give the union and all the retirees 55% of the sale probably at 30 cents on the dollar and that will be that. No life time pension or benifits, thats it no more for them. I sure won’t be buying a Dodge or anything from GM if the Chosen one is involved. They will fail with gov’t control. No brainer.

The Chicago mob is alive and well. We just handed over Chrysler to the Detroit subsidiary overseen by the mob corporate out of Italy.

Thank God this President has the balls to stand up for the common worker.
===================================
I’m afraid he thinks the common man is too stupid to know the difference between facts and rhetoric.

What Obama should care about is the validity of contracts. The “speculators” he decries are senior debt holders. By law, they are entitled to be paid in full before any junior debt holders, any equity investors, and any employees are paid one dime. Like it or not, that is how debt works. If he continues to ignore this, he will raise the cost of debt for everyone, as debt investors will always worry about political risk

I voted for Obama. I really believed in the whole thing I thought he stood for.
I deeply apologize to my fellow citizens for this.

So…when will Obama be prosecuted for this?
Oh yeah…when will Obama be persecuted for the war crimes of killing innocent civilians with predator drones?

Oh, poor little hedge funds. Did they have their feelings hurt? This is not complicated, any money these guys get will have to come from the Feds because Chrysler is broke. They made a business calculation that they could hold out and get the last penny off the table. I’ve negotiated with these guys they have no shame. What do they care what Obama says. They are in bankruptcy court and we will see if they do better than they would have done with a deal. But these hedge fund guys made a fortune on fees over the years. They won’t be going into the bread line soon.

Time for Distraction Dog.
Obama will come up with something, some kind of crisis to hide behind as this story comes out tomorrow.

I do believe this person. The President has always had a “bully pulpit” from which to dictate, but this goes beyond that completely.
I have owned 2 Chrysler’s and 4 GM’s in my driving life. And I ridiculed all of the Obama/Biden bumper stickers in my area were on foreign auto maker cars. Guess what White House, my next car if a foreign auto maker car too. I am done with Detroit. UAW may have won with the one in the White House, but find someone to purchase your crap in the future UAW. You lost another customer today.

Is this the USA, third world banana republic or mob takeover of Washington.
The unions ruined these companies and now they get a big stake for free and the ”President” is strong arming investors.

I’ll never buy a union made car!!!

This comes as no surprise. America should expect this type of aggressive behavior and intimidation tactics from a Socialist President. Dear Leader Obama borrows from the Saul Alinski guide to radicalism.
All should recall that each time Obama was challenged whether by Joe the Plumber or a radio station running ads against him, he either employed the news media or lawyers to shut down opposition.
Obama is no better than Putin the thug of Russia.

“Obama will come up with something, some kind of crisis to hide behind as this story comes out tomorrow.”
I thought this was a distraction to hide the return of military tribunals for our houseguests in Cuba.

And the reason Obama threatened people is because he has a track record of using the nipple feeders in the press to cover up stories and destroy people.
What about Lawrence Sinclair Mr. Tapper? You let this man become a political prisoner to silence him.
What about John Edwards who was destroyed by the Obama syndicate before the Denver Convention?
What about Rod Blagojevich who was destroyed, because he wouldn’t take Obama crumbs?
What about Eliot Spitzer and the real reason he was taken out in New York as Governor?
The reason Obama threatens people is because YOU Jack Tapper and your ABC Obama corp have been bully thugs for Obama.
You just outed two fine Americans over the interrogation of terrorists when you were complaining of the same thing in Plamegate.
Bush you were screaming for impeachment and Obama you give an hour free press.
Why don’t you do your job Jake Tapper in exposing your own cronies at ABC.

“Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men, even when they exercise influence and not authority: still more when you superadd the tendency or certainty of corruption by full authority. There is no worse heresy than the fact that the office sanctifies the holder of it. “…Lord Acton, apparently referring to the Obamas of the world.

This man has WHine Flu……..Please quarantine him!!!!

Looks like Obama’s ultimate goal is tyranny–when the people are afraid of the government.
No wonder he was so happy to see Chavez
and the Saudi king.

Threats by the tyrant dictator Obama and his mafia crowd from Chicago are certainly real and this man and his gang need to be impeached and thrown out of office! Personally, I am sick and tired of this gang who are nothing more than thugs and they think they can take OUR money and throw it around like it is candy! This country and nation is a nation Of the people, For the people and By the people and not for the government, and by the government and of the government! Those in the White House think they have total authority over all of us and they do not! Our authority is the Constitution of the U.S. and the Bill of Rights the highest law of the land and the administration is UNDER its control not over it!! It is now time for change all right, a change in the White House and Congress. Vote them out! Let’s start a new party dedicated to the people of America and throw out the thugs in the current tyranical government by demanding a national vote again for President and Congress and the Senate! We need a new election! We can call for a new election according to law! We can demand as a people a new election! They have to grant it to us if we demand it! Let’s get one going again and get backing for a new party run by honest, sincere, dedicated to our Constitution and Bill of Rights type people! Let us demand the elimination of the Progressive Income Tax which came from Moscow when it was initiated and put in place a “National Sales and Consumption Tax” which means every person and entity in this nation will pay a small tax which will solve the nations economic problems almost over night! No entity or person can be “tax exempt” – all pay a percentage when they buy or sell or use something. Accounting principles will be used to establish a proper amount, perhaps around 10% or 15% across the board. In this manner we have a “fair” tax system which stops the Nazi black boot IRS agents and agencies from putting fear in peoples lives and placing people in jail when they get into problems when they don’t have money! Using these cruel and unjust methods to keep people as slaves in this society has to stop! They only use the tax system to get votes and keep people tied to them every time voting comes around! We must stop this nonsense! Let’s get a real change going! One for America and not against America! Obama is against everything we have built and established through the free enterprise and capitalistic system. Nothing has ever been wrong with that system, but we have had people who absued it such as Obama and Barney Frank and others in the past! Men like Madoff abused it but the system wasn’t wrong it was the person!!! Arresst them jail them fine them but don’t throw the baby out with the bath water! Wake up folks Obama wants to destroy Wall Street and Business in America! He will make all of you slaves for sure! He learned his dogma from Rev. Wright which is “Hate America First” for all the problems in the world relating to certain ethnic groups! This must be so or why would he hate American strength arrived at by capitalism and the Free enterprise system? He is a socialist and a neo-marxist! He is not a patriotic American citizen at all!

I’m having a flashback to seeing the president bow to the Saudi king. Then hearing their denial, “There was no bow.”
Then the president says, “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.”
But we are suppose to accept “there was no threat” to use the press corps to exert pressure. I’m sure the AIG executives who had buses of ACORN protesters at their homes are as convinced as I am.
If the people are as stupid as this administration clearly thinks, perhaps we do deserve what has and what will happen to us.

I have yet to read or hear anything about the constitutionality of the government intervening in private business matters. I am no scholar but all of these bailouts etc are unconstitutional. The 10th amendment makes that clear.

my pension fund invested in bonds, by law these had to include gm, chrysler or ford and other us companies. these bonds are now worthless (bondholders are the first to be paid in bankruptcy court, and usually get paid 100 cents on the dollar) the tax payers in my state are now on the hook for these funds (they were required by state law and backed by the full faith of the state). so think about that before you bad mouth the bond holders.

O takes over banks, auto industry, and health care in the country; bullies CAO into stepping down; insults tea party protesters; we no longer have a democracy. When will the media and the average citizen understand?

chicago thug politics,saul alinski style.

Hey, this was a good one, Jake.

Why isn’t everybody like Mr. Lauria, who has to deal with “King Obama”‘s handlers, taking a recording device with them to every meeting, every phone call, etc., turning the device on, and clearly stating that every word is being recorded? As long as it’s announced in advance, it’s legal to record a conversation. And to try and stop such a recording, after it’s been announced, is illegal—unless the other party says No, in which case the conversation can’t happen AND the other party can’t make any other kind of statement after the fact. This tactic would stop the bullying.

I have to ask why my pension plan, 401K, is less important than the auto company’s. I believe these companies should have my best interest at heart, not the governments.

Apparently Obama believes he knows who should sacrifice and how much. The first sign of a nascent dictator.

The Obama White House? Bullies? No way, not the Prophet! He has been sent from above to show us The Way!

wow,
all this nutty right wing paranoia, and after only 3 months!
can’t wait to read this crazy stuff after 6 months…..
I love the ‘birth certificate conspiracy’ crazies

Is discouraging investment (investors) during a recession a good idea? If the MSM weren’t responsible for getting Obama elected, they may actually investigate the “cause and effect” of all this populist rhetoric and populist policies. These guys attack businesses daily, want to impose a costly cap & trade policy, impose environmental standards, raise taxes, take away the secret ballot, impose more regulations, etc…. and then question why we’re losing business overseas. The media is too “enchanted” and “getting chills up their legs” over Obama to ever have an honest debate over anything. Congress just signed a $3.7 trillion budget – did you see much debate in the press. If you can’t have a good debate over $3.7 trillion, does anything else matter? We’re headed for $5 gas (to justify solar energy), an extremely weak dollar, debt we’ll never be able to pay (and yes, Bush started it), out-of-control inflation and under current policies, very high unemployment. The koolaid drinkers are too stupid to see it.

Posted by: Richard Fontaine
‘Take to the streets about this facist mixing of corporate and government ownership and abuse of the Constitution and do it now.’
careful, they’ll start calling you a ‘hippie’ type 60′s radical…..

If Obama wants everyone to sacrifice to save the UAW retirees, then he should have the courage to raise taxes on everyone to do it.
Instead Obama is choosing one set of retirees ( those with retirement accounts invested in SECURE CHRYSLER bonds – to steal 71% of the assets from – to give to only those retirees who used to work for the “NOW BANKRUPT CHRYSLER”.
Instead Obama is a coward.
Who is trying to pretend he is only stealing from rich speculaters on WALL STREET.
That is a lie.
Obama is letting the small SECURED investors get screwed.
The large Investment banks who invested in Chrysler and had CREDIT DEBIT SWAPS will be paid back the the OBAMA administrations Bail Out plan.
Only the small investors with money in retirement funds will lose 70% of their SECURED money in Chrysler. The Investment Banks who own Secured Bonds themselves and insured them via phoney Credit Debt Swaps will get bailed out by the U.S. Taxpayers – so why should they not vote anyway Obama wants them to – Obama is going to “take care” of the Investment Banks – it is only the little guy who wanted to retire someday who will get screwed by Obama in this bankruptcy, if the judge Obama selected gives Obama the “surgical bankruptcy” Obama, the President of the United States, has the told the entire world the Bankruptcy Judge should do if he is one of the “Good Guys”.

The tactics referred to as Chicago style politics, they used to be called fascist. in that system the government doesn’t own the means of production, but instead merely controls the means of production. They seek and have obtained some control of big banking, now the auto sector, energy sector under cap and trade and next: health care. one sixth of the economy

I am saddened by the American peoples gullible and lazy attitude about our President. They think they know him and that his change is for the good.Even he has told you that he will change American completely, are you ready? For you will be the first to feel the hard cold steel of his reality. I cry for America.

“careful, they’ll start calling you a ‘hippie’ type 60′s radical…..”
or a community organizer

Sounds like politics as usual for an Illinois politician!!!!

Lol posted:
funny tho’ that the republican anti-litigation crowd is now so ready to believe what an attorney says….
Why do you take the administrations word on this? Have you investigated the attorney already and found his character lacking?

I have absolutely no doubt something very much like this occurred. Anyone who would doubt it has never played power politics.
DC, still as corrupt as ever…

The White House denies?
Here’s all you need to know about the obama administration :
The man bows before the Saudi king and is filmed doing so, and the White House denies he did. So we did not see what we saw?
Ergo, you can’t trust a thing the current administration says.

Chrysler is finished. How many Americans want to buy a car from a company that is owned by union thugs, who were primarily responsible for the downfall of the company in the first place?

No bank willever lend money to a company that is unionised. capital mkt will just break down if UAW controls 55% of Chrysler. Obama is paying back the union for their support.. Corruption at its best

Wah! Wah! Wah! All of the dissident bond holders are big enough boys to know that in the business of reorganization of insolvent companies, there is always a risk of “payback” if one votes the wrong way on a Chapter 11 plan, or if one opposes an asset sale under Section 363.
Many of the dissident bond holders bought their bonds for 15 Cents on the dollar after Chrysler’s insolvency became well known. They are speculators, nothing more. If they didn’t like risk, they should have bought Treasuries.
The lawyers for the dissident bond holders, White & Case, are trying to orchestrate political pressure against the Section 363 sale of Chrysler’s assets. They’ve got pundits writing stories all over the internet of the “unfairness” of national economic interests playing a factor in bankruptcy cases. Too damn bad.
Just last week White & Case’s peers from Wall Street were out in force in Washington, rounding up votes against a bill to amend the Bankruptcy Code to provide homeowner debtors the same right to a mortgage cram down as found in commercial Chapter 11′s. Gee, that sounds political to me. White & Case’s politically immature lawyers need to give it a rest. Win for their clients on the legal merits, or not at all.

“death treats,” yummy.

Let’s remember Barack Obama fired GM CEO Rick Wagoner on a Sunday night! Proving if you take US taxpayer bailouts, you do indeed have Barack Obama as temporary CEO, maybe much to his annoyance.

I believe it. Obama comes from strong-arm Chicago politics. I hope people continue to come forward and expose the thuggery behind the curtain.
It is a sad day when a reporter is called brave for reporting the truth in America.

LOL said “wonder where all the financial ‘experts’ here were during World.Com & ENRON….”
Those guys cooked the books and went to jail under the Bush administration. Fannie Mae and Freddie Mac admitted to cooking the books and what do they get? Bonuses! Do you have a better example to make your point?
Regarding your comment on Bush koolaid drinkers. I agree, there are blind people on both sides. We should all stand for liberty and challenge both sides so we can keep it. Bush was for big government and big spending, Obama is trying to trump him. Both are awful for this country. Blind koolaid drinkers are nothing but pawns for two parties that only care about their power.

Mr. Lauria, let me help you with your question about how Mr. Obama would feel if one of his mindless thug followers actually hurt one of your people. He would feel nothing and blame you for it. It is obviously your fault for opposing him and trying to represent your clients. You traitor! Believing contracts and your clients trust should be honored when Obama is trying to nationalize this industry. How gauche!

The more I hear about what Obama and his admin is doing, the more I think of strong arming. First he refuses to allow the banks to pay off the money and now this? People need to start paying attention to what is going on. This is the kind of stuff that leads to impeachment

Traditionally, holders of senior debt end up owning a company when it goes into bankruptcy. If there is anything left over, other creditors get a share according to rules of priority established by the bankruptcy judge.
President Obama has unilaterally overthrown a system that has worked reasonably well for a couple centuries. As a result, potential lenders will stay away from riskier companies; if those companies need to refinance, it will be at much higher rates; and more companies will end up in bankruptcy as a result.
So President Obama may think he has saved Chrysler and done a favor for his UAW friends. But when Chrysler goes to the bond market to raise money the next time, lenders will remember how they got screwed and no one will bid. Just more taxpayer money down the drain, and who will Obama blame next year and the year after?

Obama threatening or degrading investors again? And people are surprised? A national socialist (fascist) fighting the evil capitalists is as much of a surprise as rain on a cloudy day. Obama and the Democrat Party is the epitome of incompetence, failure, and evil.

I would be much less likely to buy an American car if it was majority owned by the unions.
I would be much, much more likely to buy an American car if the company was completely non-union.

You know what the White House and the Obama Administration is chock full of…. Lawyers. So yeah, I’ll take this guys word over theirs.

this is not about republicans or democrats. it’s about a group of radicals attempting to deconstruct our nation’s DNA!

Well one more interesting tidbit.
Guess who has “insured” with Credit Default Swaps on the bonds of Chrysler?
You guessed it both the Chrysler and General Motors bonds have AIG on the hook for the full payment should the bonds default. So the plot thickens.

Don’t forget what they tried to do to Rush Limbaugh.

Mr. Tapper,
Thank you for your honest reporting. We The People must be informed of the truth in order for our Republic to function properly. Please keep up the good work – people are STARVING for the truth. Enough of the double speak and name-calling – none of that is productive. Thank you, sir.
ABC Executive Mangement,
Do not fire this man for doing his job – reporting the facts. This is what sells – the truth. We The People are starved for the truth – your ratings will grow exponentially if you followed a simpel formula of delivering news that is both factual accurate and relevant. There is little time in people’s lives for the news so please help prioritze those that are most urgent to We The People. I appreciate Mr. Tapper’s facts.
We The People,
Read(Or Reread) George Orwell’s book titled “1984″. This is exactly what he speaks about. Need another event? How about buring 8,000 gallons of fuel on Earth Day when we’re all supposed to be more aware of polluting our precious resource, the Earth.
” 2 + 2 = 5.”
- 1984

The White House tells the media to “jump” and the media asks “how high?”. What a bunch of tools.
Too bad this conversation wasn’t secretly taped. If I represented a major corporation I would tape all my conversations with the White House. They can’t be trusted.

We have been looking for a new car and ABSOLUTELY not buy a car from the union…..
DON’T BUY AMERICA

The use of intimidation to solicit votes for a bankruptcy plan is illegal – The judge in this case must now appoint an examiner to investigate as a matter of law – no descrection allowed. Unless they got to him too…….

Here we go again. I don’t trust this administration. This is not the first time they have lied.

I am impressed that ABC picked this up. I went to the major news services and searched on Perella. CNN – nothing, NBC/MSNBC – nothing, CBS – nothing and even FoxNews – NOTHING. I might have to start watching ABC again if they keep reporting news. We need unbiased media in America again. Not left, not right, just reporting.

Don Obama is up to his dirty tricks and his capitanos are just following orders.
How many more denials will we see coming out of the White House? I have a feeling it’s just the start.

Everyday seems to be a new day in the Twilight Zone, instead of America. Doubt Tapper will be a modern day Woodward or Bernstein because the president is a Democrat, but it would be nice if we actually had a free press in this country that would seek the truth wherever it lead.

Chicago Sun-Times:
“It’s no secret that Obama loves designer footwear. Her green Jimmy Choo “Glacier” pumps drew attention at the inauguration, and she wore $775 black Jimmy Choo biker boots at the groundbreaking of the White House Kitchen Garden.”
Sunlen left this info out of the earlier report of $540 tennis shoes.

BTW does anyone know who the Bankruptcy judge is? That will make a huge difference. If s/he is an activist judge, the rule of law may be in big trouble, thereby threatening the fabric of this country.

Now let me see–I should believe the Chicago thugs in the White House!!

just because they put it on this blog, doesn’t mean they are “reporting it”..What have you seen on Abc news thet jake reports in his blogs..NOTHING.. this is just lip service so ABC can say thay reported on it, and about 30 people see it on here..Nothing that woudl make Obama look bad wil make the 6:30 nightly news..on ANY network.. Tapper is just blowing wind here, He knows Obama control him

Let’s face it folks. The majority of Obama’s supporters don’t have a clue about this story and even if they did, they wouldn’t care. Most are mesmerized by the media’s praise of Obama and don’t vote based on policies but what they consider culturally popular. Those relatives in my family that voted for this Leftist have no interest in politics and are clueless on issues ranging from border security to tax policy and government spending. These folks sit glassy-eyed watching American Idol, Dancing with the Stars, etc. and don’t think there is any difference in the two parties.
Our local schools should be teaching courses on the US Constitution, logic, civics, and capitalism. Maybe even a course on the precept that the majority of Western law is predicated on Judeo-Christian principles.
But no – let’s have schools hand out condoms, teach our children about how evil America is, that gun owners and patriots are nutty fanatics, that other religions should be respected at the expense of Christianity, and that morally perverse and medically filthy lifestyles should be embraced for their “diversity.”
PEOPLE – you are watching in REAL TIME the destruction of your own nation! Wake up America!!! Educate the young about our great heritage, the promise of America based on the Founding Father’s vision, and a Scriptural understanding of morality. Less government (from either party) is BETTER government. We need to return to the promise of our US Constitution!

Why is everyone so upset?? This is what we voted for. Well perhaps not everyone, but the majority of Americans that go along with the stylish pick and are too damn lazy to look into the canadate’s background.

I wouldn’t be surprised at ALL if this did happen. Obama and his people are twisting arms and dropping threats carelessly with banks, credit card companies, car companies, insurance companies and wherever else they can go. These hedge fund people are losing a boatload of money, and yet the president is unloading on them. Last year, we (ignorantly, I guess) purchased a Chrysler vehicle. Two months ago, we sold our Toyota, which has many years of life left. I will NEVER buy a Chrysler (or GM) vehicle in the future; it’s either Toyota or Honda. They don’t have their hands out to the government, and are not run (or owned) by the unions. America is getting screwed on this whole mess, and the fault now lies on THIS administration, and their buds who head up the UAW. By the way, Jake Tapper writes some good stories; good for him, since he isn’t afraid of actually asking questions of the administration.

Discredit those who avoid Obamagasms and deny you did anything wrong if caught. Then send in Sandy Burger to destroy any evidence that might exist.
This administration is a destructive force within America. We are watching our country crumble along with the silent old media on the sidelines.
We deserve what we get for letting it happen.

What this administration is doing is takeing our `country towards socialism. I’m proud after reading these posts that you all are seeing it and speaking out. We need to do it now and do it loud! We must take our country back and fight for what we all believe in!

Nothing surprising here. MSMs silence not surprising either. They are hoping for one of these “bailouts” too. It will be interesting to see if they cave to the threats when they are pounded into submission like the bond holders for Chrysler.
Oh, I guess not. They just want whatever money they can get. Journalism is mostly dead.
It is refreshing that Mr. Tapper wrote this, although it is just on a blog. I hope he doesn’t get the thug treatment for this article. Better watch out. ACORN will soon be at his door too. Disobedience will not be tolerated.

I blame George Bush!!!!
oh wait…
We can’t blame him anymore….

The destruction begins in ways we cannot comprehend when Obama and his Socialist cohorts take control of the Senate. One party in control of all aspects of this government spells disaster. If we had a better education system in this country we would have citizens well versed in the fundamentals of government. One party in charge spells disaster.

I suspected this was going on behind the scene. I’m glad someone in the media has the courage to report it. Thanks Jake Tapper for doing your job when nobody else in the media is doing theirs!

“Can anyone answer why Obama is giving 35% of Chrysler to a foreign company for nothing??? Don’t tell me its in exchange for technology…have you ever driven a Fiat??”
———————
What’s crazy is the belief that FIAT, for God’s sake, is going to succeed where Daimler failed. But why should we expect them to start making sense now?

I will not buy a vehicle held up by a socialist government. I will not buy a Chrysler/Obama Vehicle. The costs of retirement benefits and the overhead at Chrysler helped bring them down..

King Obama said during the campaign that the executive branch had too much power and the executive branch had abused its power. King Obama has been not just abusing its power but he has been exercising his imperial powers like no other president before him. It is breath-taking to consider what his administration has done in just a little over 3 months. They are in the process of shredding the constitution and he has set a record for lies in the first 100 days. King Obama is manipulating the American people and the press in a way that is unprecedented. Oh well 53% of the American people proved how dumb we really are.

If death threats were issued…I would take them seriously…Obama went to Kenya to support his cousin, Odinga. Fires were set in Christian Churches and lives were lost. This man is a tyrant. His allegiance lies elsewhere.
Mr. Tapper, thank you for reporting on this, now investigate ala Woodward and Bernstein and save our country.

I just pray Mr. Tapper is not fired for daring to voice a dissenting opinion or uncovering real news, especially on ABC. He risks his job.

Is anyone really surprised at any of this? We are not allowed to criticize ceasear.

Fiat has always stood for Fix It Again Tony. Hot rolled steel bodies that rusted while you watched, interference engines that destroyed themselves if you didn’t change the timing belt religiously and other mechanical and electrical gremlins that drove you nuts. No Fiats sold in this country for almost 25 years. Wonder why? And they’re gonna save Chrysler?

Expect more bullying. It’s Chicago/Chavez style intimidation. This sort of thing happens when you get a cult of personality type Socialist takover.

“‘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.’”
Count how many time the Obama administration uses the word “obviously” in a misleading and inappropriate manner. Gibbs’ press briefings are full of them.
Whenever, I hear the word obviously from the White House, I hear, “Look, away. There’s nothing to see here.”
When there “obviously” is something that requires further investigation.

Tapper neglects to mention HOW Rattner would use the press to ruin Perella.
Rattner’s best friend forever is Pinch Sulzberger, owner of the New York Times.
Rattner’s threat had serious credibility given his NYT connection.

.May 3rd,2009 10:05 pm
Those Hedge Fund Managers and Owners should be ashamed of themselves as to be that greedy. How do these people sleep at night knowing that because of their money grubbing greed they are directly responsible for thousands of American workers losing their jobs. We are one of those families here in Kokomo, Indiana and you have no idea what this is like not knowing what your future holds day by day. Americans need to come together and defend the American worker and the products they build. No more foreign cars and foreign products.

Please replace that metrosexual Georgie Stephanopoulus with this Tapper gentleman. Maybe you could get something more then a softball thrown at this administration. I half expect Georgie to put his finger to his dimple and turn it while asking questions. What a tool.

Sorry to put it to you all. Each of you who voted for “change” and “yes we can” have been mesmorized into a sham by the “PIED PIPER”.

This is a violation of the constitution.
The economic concept of private property refers to the rights owners have to the exclusive use and disposal of a physical object. Property is not a table, a chair, or an acre of land. It is the bundle of rights which the owner is entitled to employ those objects. The alternative (collectivist) view is that private property consists merely of a legal deed to an object with the use and disposal of the object subject to the whims and mercies of the state. Under this latter view, the state retains ownership and may at any time regulate or even repossess the property it temporarily cedes to individuals.
They sacrifice. They were willing to sacrifice for this deal. .50 cents to the Dollar instead Obama want them to take.29 cents of the dollar. This is not being fair.

For the White House to threaten a private enterprise with destruction via the White House press corps would seem to imply that the press is complicit in the purported administration successes and that the press are simply minions assigned to do the president’s dirty work. But an impartial press wouldn’t do that, would they? They are impartial, right? I mean, left? Charlie? Brian? Katie? Anyone? Bueller? Bueller?
BOHICA!

WHO IS JOHN GAULT?

=========================
Dear Mr. President,
=========================
In your first 100 days you’ve made it clear that you are an untrustworthy character. Your claims of transparency were shown to be lies. Your claims of bipartisanship were proven to be empty words as you bulldozed over republicans. You’ve place many cheats into your own cabinet. You’ve been implementing the extreme radical liberal ideology that your whole career has warned us about but many refused to notice. So it is no surprise, with your mission to turn the USA into the USSA (the United Socialist States of America) that you would be bullying and strong-arm capitalism into the socialist model.

It looks like I will never purchase another GM or Chrysler vehicle. I will not support a company controlled by socialist tyrants.

Who is John Gault?
It is I…
It is You…
It is all of us that haven’t had the wool pulled over our eyes.
Bush II was horrible… this is worse.
When will we take BACK our country?

“The White House said”..first clue of a lie…. I know for a fact they never have threaten an opponent…I lied

Well if folks do not like this deal with Chrysler an the fact its a payoff to the UAW for their support in electing Pres Obama, just don’t by the product. An if you think this is bad, wait until they start messing with Healthcare. You get what you vote for.

And Trapper announces move to FNC (Yeah!) in 5 … 4… 3… 2…

Remember what Thomas Jefferson said,
“When the people are afraid of government, it’s called tyranny. When the government is afraid of the people, it’s called liberty.”

This is how it’s done in a communist/socialist country. Change we can believe in. Yay!!!

Posted by Mary- “Those Hedge Fund Managers and Owners should be ashamed of themselves as to be that greedy. How do these people sleep at night knowing that because of their money grubbing greed they are directly responsible for thousands of American workers losing their jobs. We are one of those families here in Kokomo, Indiana and you have no idea what this is like not knowing what your future holds day by day. Americans need to come together and defend the American worker and the products they build. No more foreign cars and foreign products.”
After perusing the comment sections of several articles I came across the exact same, and may I say, idiotic comment above. Interestingly enough, the comment this article says “posted by Mary”. Pathetically,the only comment on the NYT article is posted by Renee Dodson. It is the same post. So are you Mary? Renee Dodson?

Those four financial institutions – JP Morgan Chase, Citigroup, Morgan Stanley, and Goldman Sachs — are recipients of up to $100 billion in federal government bailout funds, though the Obama administration insists the matters were kept completely separate.
———————————–
This is all you need to read. The rest is filler. It’s obvious there’s pressure, and the administration has all the leverage it needs. Look at who the debt-holders are… IE TARP.

THANK YOU, JAKE TAPPER!! I am THRILLED
to see that we actually have a reporter
on ABC who is willing to step-up and report on stories such as this. I was about to think that all hope was lost.
Please, please continue to bring the real truth to the American people. You have my respect and my gratitude. If only more reporters had your ethics and
your courage, America would be much better off.

It’s ALL Bush’s fault!!! :-)

I so regret voting for him. I think much of America was lulled by his image and blinded to his substance. Today he steals from the automaker bondholders, tomorrow he’ll steal from shareholders in public companies, and next week he’ll be rifling through the drawers in our homes looking for cash. We need to put a stop to this immediately. Let your elected officals know that you will hold them responsible if they don’t do whatever they can to defang this beast.

What does any of this have to do with the completely impotent GOP? It’s just the 55 million Americans that have not been successfully indoctrinated and mesmerized by the public school teachers, universities and Obama political machine. Of course that’s only about 5% of anybody under 30 since they have been subjected to the indoc for all of their lives in every facet of their lives. NOTHING the Obama machine does would surprise me, and the under 30s are texting and listening to their Ipods and not paying any attention to what’s going on. But they did vote for their fashionable hero. Can’t wait to see their faces in a few years when they get their tax bill from the fed gov. HAHAHAHA suckers!

Let me get this straight Galaxo. The pennies on the dollar that President Obama and the administration want to give to Chrysler debtors is coming out of the pockets of $60 million+ CEO’s? Or is it possible that pension funds who invest our hard-earned money might be making some of this patriotic sacrifice that the President talks about? The debt that Chrysler owes is incurred by direct or indirect investors and in the end affects us all in one way or the other, whether our employers invest our monies for the future or we choose to invest ourselves. This seems to me to be a takeover, paid by us, the taxpayer, to make good on political debt owed to the UAW. Enlighten me on how this if I am wrong.

When is someone in the media finally going to ask the administration when they start owning some of this mess. It’s always someone elses fault with these guys even when it is now well known that Obama’s guys were highly involved in developing the first bailout during Bush’s term. These guys are worse than what we had and someone needs to finally call it like it is.

Uh, Excuse Me?
Does anyone remember Daimler was going to shut Chrysler down COMPLETELY?
A few hedgefunds said, NO! WE BELIEVE IN CHRYSLER AND THE AMERICANS THAT BUILD IT; Here is a HUGE BOATLOAD of:
OOOOUUUURRRRRR $$$$$$$$$$$$$$$$$$!!!!!!
Here you go Daimler (GERMAN COMPANY BY THE WAY!), have a nice day with our money!
NOW! American Auto Workers, Make us some good cars again and turn us a good profit for our INVESTMENT IN YOU!!!.
SSSSCCCCCCCRRRRREEEEEEAAAAAAACCCCCHHHH!
Hi, My name is OBAMA and HEAR ME ROAR,
CLEARLY! NOW DONT MISUNDERSTAND, I AM THE GOVERNMENT! I AM HERE TO HELP?!?
You go away you sleazy little greedy investors! Your measly 50cents on the dollar is not enough of a “SACRIFICE” for those that really do the “HARD WORK” (GS, CITI, MORGAN, etc.)
GO AWAY you money-grubbing-believers that believed an American tradition like Chrysler should be grappled from the dieing hands of Daimler! We (Government) own Chrysler now and you are either for us (government) or against us!?!
Did I miss something? Who really took the risk and who is being rewarded?
‘Licious

And remember…any of you with pension funds etc. that could possibly be invested by these folks should be very happy they didn’t cave.
Obama wants a payout to the UAW. They hold no secured debt but were ahead in line over those with secured debt. That isn’t how it is supposed to work. I’m glad someone finally said NO to the thugs in the WH.

How do you think OBAMA DRAMA got where he is today? Alot more people were threatened along the way than we know. And, they deny and deny and deny.

OK, here’s what we will have in the American auto industry. The government and the UAW will now own controlling interest in the American car companies. The government will require that they now make “green” cars that no one wants to buy. The UAW will require union wages and benefiits that are almost double the foreign owned/US manufactured scale. Guess what you get? An American car that is of inferior quality, that costs too much and nobody wants to buy.
It sounds a lot like the Lada and Yugo of the old Soviet Union. After more than 20 years of owning American made cars, I’ll be buying a Honda or Toyota.

Galaxo, thanks for “simplifying” it for me. I understand now. Thanks for enlightening me, as I don’t have the intelligence that you possess, nor the reading skills. Sometimes we just need to be talked down to now and then to truly understand. I don’t deny that management makes bad decisions. However, I don’t think that government is a good manager. Do you? I grew up in a steel town that had as its sole provider of jobs, a large eastern-steel company. Over the years, as the company needed to change in order to compete, management AND the union destroyed it. They had a vote that would have kept the company open. It was narrowly rejected. Those who had enough years (majority)to receive their pensions voted for their own self-interests, at the expense of those with less than 20 years. Plant closed. The town has fallen into disarray. Hundreds of towns have fallen to the same fate. By the way, I AM a union member. My grandfather was a member of the steelworkers’ union at a time when companies took advantage of their workers and safety was an issue. I, however, can see that fault can be placed on all sides. It seems to me that you believe that the blame game is one-sided. By the way, I have always driven American-made vehicles. My curiosity gets the better of me. Have you?

This country has gotten the leader it deserves: A Chicago Thug.

it is all very simple. when negotiating with the white house, just ask for a car and a kitchen and a home to go with any deal that you want, fall into line with their offer and then kiss the ring. in this way you get to stand behind the ONE as HE “tells” the American people how much company XYZ supported him and the people and how everything is fair now.
Everything IS getting wrapped up in nice little packages now and it won’t be long before every piece of legistalation that BHO wants slides through congress.
will anyone be surpised when a conservative supreme court justice suddenly decides to “retire”?

In a corporate bankruptcy the bondholders are to be paid before the stockholders see a penny.
That’s why retirement funds buy bonds instead of stocks.
Now, we have a bunch of crooks changing the rules for their friends without even going though the motions of changing the law. The result will be the loss of faith in US corporate bonds. Who will buy US paper after they do this? This government policy will single handedly turn every US corperate bond into junk.

I decided to check some of the “facts” in the comments and started with the 93,000 Congress gave itself.
I was shocked by Pelosi’s being so out of touch that she’d wear a string of Tahitian pearls the size of shooter marbles, so I expected to find something.
Nope.
Republicans in a choice between lesser of evils make even “Let Them Eat Pearls” Pelosi look good.
Knock if off.

I read the story and 5 random posts bottom up, 2 were paid Soros flamers, who need to remember to discuss specifics of the story, to avoid detection, 3rd says the “press corp needs to “on guard” about this”, 4th stated a WaPo story I remember, which supports this story, 5th believed the story as written. The only problem with the story is it doesn’t go far enough, but backing up, I can’t even believe Jake Tapper had been allowed to stay. His question last week re. Biden and The Family Guy’s answer, causing the entire room to erupt with laughter at (the curtain being open for two seconds -”Here’s what he meant to say”.) The Chicago Thug issue was mentioned. Ask yourself, how does Daley, Blago, Obama get away with all what they do and retain ABSOLUTE power- This is the way it gets done. Finally, the guy posting that the “press corp needs to be on guard about this”. Don’t forget your helmet the next time you go out for a walk. Great story Jake, many of us know it’s happening, but nice to move closer to the reality of the farce which is much, much worse than what is told here.

K. M. Burkholder
if you read my post you’ll find I was speaking about the auto industry, not the steel industry.
if you want ‘generalize’ my post to fit your own agenda …go for it.
BTW: the 1st two cars I ever owned were made in the USA, they fell apart and rusted away…and the dealers were a big pain to deal with…
I have driven Honda’s ever since with the one exception of trying a VW Passatt in 2000….. which ended up being a lemon, I sued the company and won my suit.
My current car is an ‘american made’ Honda.

Obama = Cheney
Bush = Biden
Rahm = Rove
2009 = 2008
This

perella weinberg and white and case can go crash with everyone else. these are the corporate groups that stand only as an obstruction to the rule of the president, using ‘law’ and the guise of ‘financial fairness’ as a shennanigan to prevent our nation from effectively reorganizing itself in the wake of crisis. you cant blame them though, they and all the other shark firms out there will be proudly embattled on the way down. I say, to the president
keep up the fight, and dont stop leaning on the corporates for one second. they stand only in the way of a stable equilibrium at this point. Only when some stabillity is gained, capital reserve requirements increased and investor leverage more fully regulated, and losses redistributed, should these players be thought of as partners in the new economy.

In the absence of a protectionist trade war which would bring on worldwide depression, the auto industry (and millions of union members) will go the way of the U.S. steel industry. That is to say, they are standing on the beach watching a tsunami coming their way. Unless the unions agree to a fifty percent reduction in wages and benefits (and if history teaches us anything, they won’t), twenty years from now, the wealthy will buy cars built in Germany, and the middle and lower class will buy cars built in China and Korea. The U.S. auto industry as we know it will cease to exist, another victim of union greed. If we could just import government, unions would cease to exist altogether.

How many cents on the dollar would the bondholders get if Chrysler is liquidated?
***************************************
Around $.60 on the dollar according to reports, or almost double what Obama “suggested” (wink, wink). They will get this because if Chrysler is liquidated, everything is sold and the bondholders get paid first- everyone else would get zilch. Screw Obama, his shiny new little car company still has to abide by contractual law- this isn’t Venezuela- yet.

More Obama extortion victims need to stand up to this creep. There is power in numbers…the more of a pattern it becomes, the more this woeful president is exposed for the fraud that he is. Hang in there Mr Lauria, you’re not alone.

How many cents on the dollar would the bondholders get if Chrysler is liquidated?
***************************************
Around $.60 on the dollar according to reports, or almost double what Obama “suggested” (wink, wink). They will get this because if Chrysler is liquidated, everything is sold and the bondholders get paid first- everyone else would get zilch. Screw Obama, his shiny new little car company still has to abide by contractual law- this isn’t Venezuela- yet.
===============================
The investors agreed to 50% but Obama was demanding 29% so try 29 cents on the dollar

Are you kidding me? There’s no one on the so-called Auto Task Force with any auto industry experience! It goes downhill from there.
Time to have Congressional Hearings on: 1. Heavy-handed (failed) dealings with Chrysler bondholders (who did not waiver! Bravo!); 2. Hearings on Bank of America charges they were forced to acquire Merrill under “quiet” orders from then Treas. Sec. Paulsen.

BTW does anyone know who the Bankruptcy judge is? That will make a huge difference. If s/he is an activist judge, the rule of law may be in big trouble, thereby threatening the fabric of this country.
***************************************
Arthur Gonzalez of NY. He’s the judge that handled Enron’s chapter 11.

screw GM, Chrysler and Obama..i just bought a lexis…..

a little national support would go a long way here…
***************************************
I used to agree with you, but I refuse to ever buy a car from Obama Auto…after seeing this spectacle right out of Animal Farm, my greatest hope is the complete downfall of the UAW and this Obama experiment in South American business dealing.

its very easy to see its been happening all along
chicago attack politics
remember these
1.sarah palin atacked unfairly people still think she said she could see russia from her house.
remember the clothes thing, mrs obama bought 500 dollar pair of shoes to give out food at a food pantry nothing said for weeks thats all we heard about sarah. who didnt even buy the clothes.
remember trooper gate for two weeks all they talked about that she was found guilty then when a independent nonpartison panel in alaska looked at it, she was cleared of it did you hear a word of it?nope
2 joe the plumber he asks a question and they look into his tax records ,his child support,and his plumbers license,and voting record
3 rush limbaugh he said if it means obama takes us to socialism then he wanted him to fail same as saying if he wanted to turn communist wouldnt you want that agenda to fail i would
4 he spends 475,000 dollars to keep his birth certificate secret any one in the media question it?
5 anytime someone stands against him their a racist even bill clinton
6 cheney voices his opinion on what dems call torture, after saying no to procecuting bush people, then the next day guess what he changes his mind even hillary is sent out to atack him
7 how many times has the word hannity come out of obamas mouth and his thugs?
8 the tea partys he says he wasnt even aware of them REALLY NOW
9 fox is the most watched in cable news wasnt even allowed to ask a question in the last two press conferences, do you think the others in the media takes note and says we better not ask hard questions or we will get the same treatment?
10 remember him firing the guy who ran gm?
strong arm enuff for you there lots more too

Let’s not forget, Obama fired the CEO of GM a couple or three weeks ago. The AIG excutives and their families where destroyed by him. The Bank Of America was forced to take Merrill Lynch and then forced to take TARP funds. What about the other banks that never wanted money being refused to give the money back? Whats going on here? The media cannot ignore this crap any longer! What upsets me is this story is only on a blog.
Come on Jake! Put this story on the front page where it belongs. Let the American people decide!

“TARP” (the “bailouts”), foreign aid, cap and trade (just to name a few) are all ILLEGAL under the Constitution of the United States of America. Conclusion: it doesn’t matter who’s president or where they’re born. We ARE, and have for a long time, been living in a lawless place where “education” serves the purpose of disconnecting The People with their Constitution. Do you know who the Puppeteers are?

all collectivization requires brute force. Americans wanted totalitarian socialist change. they voted for it. they got it. the brain and wealth drain begins. this expat closed his company and said. bye bye. you all can keep the place your have ruined, i do not need it anymore.

keep up the dictator action, BOzo, the more you do it, along with all the liberal actions of your democrat buddies and the LIBERAL VITRIOL AND HATE of your fans – the sooner the Real Americans will dump you on your kiester.
enjoy liberals — it wont last forever and you know – that is why you liberals are still so angry – you know that all you won was a little time with your lies and fraud and nothing more.

I am so sorry I voted for this guy either. What the heck was I thinking. The media sure won’t expose this adminstrations incompetence so I hope, despite the heat and pressure, that the Republicans can minimize the damage until 2010.
Now I see why Hillary took the SOS job. She wanted to be as far away from this as possisble.

Nice reporting Jake Tapper & ABC, please keep us updated on this. I’m trying to keep an open mind, but at this point, I’m starting to see a pattern developing with this administration.

Why would this surprise anyone? Obama is a power mad and has no financial sense whatsoever. He handed Chrysler to the UAW on a silver platter, and intends to bankrupt every bank and fiancial firm out there. Obama is either ignorant of the fact, or is ignoring the fact that Mutual Funds are owned by ordinary middle class people. Anybody who has other than government retirement funds in a 401K, IRA, or profit sharing plan IS invested in the market. Obama’s intent to put these firms out of business and screw the stockholders – Middle Class American Citizens who have worked hard all their lives, saved for retirement, paid our bills on time, etc. Obama is the worst threat this country has ever seen, Al Quadea pales by comparison.

Are we to be surprised? Of course this former “community organizer” (i.e. street thug) bullies corporations, liberty-loving people, free thinkers, gun owners, Christians, and others. This is just the start of his socialist-fascist regime. Once he replaces the courts with like minded law-bots, America will be no more. Surpression of the truth will continue unfettered, through stories like this one, which support the administration’s claim without looking deeply into what really did happen! ABC has become a mouthpiece of the dictator.

“Who on earth has unleashed this uneducated idiot upon our country?”
The victims of the previous imbecile that ruled America, the opponents of those who brought about eight years of corruption, stagnancy, war and deception.
Ironic, isn’t it? Almost poetic that the Republicans are now having fits because they feel unjustly ruled by a dictator that isn’t one of their own making – because therein lies that dire truth: you were all quite content to be dominated by that political joke George Bush – a man who had to be manipulated else he would have single-handedly brought ruin to America far more swiftly – simply because he was a Republican tyrant, not a Liberal one.
And so the wheel turns. It’s just a shame neither side can step back and see the situation for what it is. You’re all too embedded in party politics, in the idea that it’s more important to support a side than to be a proponent of ideals that benefit your country, and until you can change that, you will suffer indignity and outrage. Deservedly so.

Wow…
We have gone from Saul Alinsky’s “Rules for Radicals,” to Joseph Goebbels gameplan and tactics.
How much longer will the worthless media cover for him? You have to wonder how much money George Soros has paid – under the table – to the media people covering for Obama.
The fix is in, the people are brainwashed and the Obama administration is turning out JUST AS EVERYONE ON THE RIGHT SAID HE WAS GOING TO! None of the liberals I work with will debate me any longer. NONE of them are paying attention to politics anymore. They refuse to see the evil being perpetrated. Shame on the left. Shame on the Democrats. It’s pretty said that the party has been taken over by anti-American nutjobs, AGAIN!

Thank you Jake Tapper. You have, in my opinion, moved ABC a significant amount away from the leftist leaning mass media and closer to the reporting that America has been denied for the last 2 years. You have earned my respect and admiration. Keep up the good work.

George Soros’s slimy hands are all over this and too damn much of the politics affecting this great country. How protected can this man be from a solution?

Barack Obama is the Michael Corleone of Washington DC. While he was busy in the regal ceremony reciting the Oath of Office with his right hand on Lincoln’s Bible, behind the scenes his cadre’ of capos were scrambling around preparing to do his bidding and carry through with his orders, expediently and severely with his full knowledge and approval and exactly as he planned.

Why is no one reading between the lines?
Quote: “President Obama also said of Lauria’s clients, “I don’t stand with them……I don’t stand with those who held out when everybody else is making sacrifices.”
End Quote
They Made the Sacrifices by Lending Chrysler the Money!! Why should they be forced to take 29cents on the Dollar because the Company is failing? What the hell is wrong with you people?
Let the company FAIL, there will always be someone to pick up the pieces. The shame of it is, the Union Employees only know how to put on lug nuts and wheels and get overpaid to do it. Let the Company FAIL.

looks like tapper has seen the emperor has no clothes. first the brush off and belittling by gibbs in the press conference when asked about the miniscule “cuts” the president asked his cabinet to make in the budget (equivalent to a family making $120k cutting out ONE CUP OF COFFEE FROM THEIR YEARLY BUDGET).
hoping others in the media soon see this chicago thug and his cronies for who they really are.

@David. Completely wrong. These investment firms are looking after their clients and their interests. Why should they accept 29 cents on the dollar when they are Secured Creditors and are in line to recoup the majority of their investment when Chrysler’s assets are liquidated? Why should these firms care one bit about Chrysler’s employees when poor business decisions (which include accepting the legacy costs and lucrative pension plans of the unions) got Chrysler into trouble to begin with. If the union wants to maintain the pension after a Chrysler (or GM) bankruptcy, then I say the unions can pick up the cost.

The Obama administration is bankrupting America and worse, slowly but surely gaining control of the financial sector and other industries. The above story is a good example of how the Obama administration operates. On a side note, has anyone noticed the Orwellian double-speak being used by the Obama administration and their far-left allies? Trillions of dollars in government-debt spending is now called “investments.” Then there is global warming – an example of science being hijacked by politics so liberal politicians can impose more taxes on all Americas – now being labled “climate change.” It’s not 2009, it’s more like 1984. Scary.

Sit back and relax conservative minded thinkers. In a few short months America will NEVER, EVER vote for a DEMOCRAT for 50 years… Let them screw it up real good.. same think happened with Carter. Within 8 months he was hated after he ruined the economy and embarrassed us abroad. Be cool.. and wait!!!

“There’s absolutely no proof that any of this happened”. Yeah. Sounds like a ‘Spokesperson’, to me. But, then again, after Joe Biden said what HE said, we were told by White House “Spokepeople” that “What he ‘MEANT’ to say, was the complete opposite”. Let’s see. Who’s got more credabiliity on this one? The person THREATENING? Or the guy BEING threatened? Remember, this is the bunch that said, they had ‘NO IDEA’ that Air Force One was barnstorming New York. And they work for the guy who said he was gonna take Public Financing for his campaign, and then, when he went back on his word, tried to tell us that he was STILL all for that kinda thing, except, not this time, because HE had the most money. And there wouldn’t be any more EARMARKS. Starting……….Now. Get your Orwell books out, and start reading. Or, you can just watch it, as it plays out, right before your eyes, on the television.

I believe this story and I think Americans should be worried. Obama is turning out worse than Bush. Can you imagine if the Bush administration would have done something like this. Obama’s administration keeps doing strange and threatening things, like Napalitano’s report about conservatives and military. Look at the fly over of the president’s plane over Manhattan, Wall Street to be exact. They knew people would freak but they still did the fly over. Did they think it would be funny to see people who work on Wall St. running out the buildings? More proof of how insentive and arrogant they really seem to be at the WH.

Nice. The lap dogs of the press will destroy a law abiding firm at the request of the WH. Change indeed!

“its very easy to see its been happening all along
chicago attack politics
remember these
1.sarah palin atacked unfairly people still think she said she could see russia from her house.
remember the clothes thing, mrs obama bought 500 dollar pair of shoes to give out food at a food pantry nothing said for weeks thats all we heard about sarah. who didnt even buy the clothes.
remember trooper gate for two weeks all they talked about that she was found guilty then when a independent nonpartison panel in alaska looked at it, she was cleared of it did you hear a word of it?nope
2 joe the plumber he asks a question and they look into his tax records ,his child support,and his plumbers license,and voting record
3 rush limbaugh he said if it means obama takes us to socialism then he wanted him to fail same as saying if he wanted to turn communist wouldnt you want that agenda to fail i would
4 he spends 475,000 dollars to keep his birth certificate secret any one in the media question it?
5 anytime someone stands against him their a racist even bill clinton
6 cheney voices his opinion on what dems call torture, after saying no to procecuting bush people, then the next day guess what he changes his mind even hillary is sent out to atack him
7 how many times has the word hannity come out of obamas mouth and his thugs?
8 the tea partys he says he wasnt even aware of them REALLY NOW
9 fox is the most watched in cable news wasnt even allowed to ask a question in the last two press conferences, do you think the others in the media takes note and says we better not ask hard questions or we will get the same treatment?
10 remember him firing the guy who ran gm?
strong arm enuff for you there lots more too”
DON’T FORGET THE ATTACKS ON BILL AND HILLARY CLINTON IN THE PRIMARIES. THAT’S WHERE IT ALL STARTED.

Threatened ..You better believe they are Threatened and will be destroyed in the long run..No American will by a Fiat car…no American should support this government take over. Let them fail and show Obama he can’t take over American private business, period. Obama and his puppets control the news media, we all know this, 60%of us donot watch cable news..talk radio is the only truths out there. Turn your TV’s OFF..take your kids away from the TV sets..this president will destroy their minds..Barney Franks “BoyFriend” is running Freddie Mac..Polosi husband is getting millions for his real estate business..we have gay clowns running this country and change our laws across America , going into our schools and churches telling us how we must now think and pray.
Three years and 7 months to go..Get rid of the entire congress and this teenage president with an ego to liken Hitler.

So Goldman and the others that recouped part of their Chrysler loss with TARP money are good to go. But the guy with no TARP money wants 50 cents on the dollar, and that’s too much per Obama, the financial expert.

“I hope he FAILS!”

WAKE UP AMERICA!!! This is but a small glimpse into what is really taking place at the White House and with the Democrat leaders in Congress. Get some backbone, standup and take our country back from these thugs who don’t love this country or anything for which it stands. This country belongs to WE THE PEOPLE, not the White House. The States created the Federal Government, not the other way around, so it’s up to the States to take their power back.

And what are the Chicago Hack’s faves, the UAW, gonna do when NOBODY BUYS A CHRYSLER??? MAKE US BUY THEM?

This act of Thuggery does NOT sound “Preposterous “at all with this charge against Obama’s own KGB … called the ‘Task force ‘ .
Need We forget The Obama Adm. got “Four ” CEO.s ‘Fired ‘ and A 5Th. last week at Chrysler .
Who told many Banks they could not pay the money back even though the money was lent to them without those prior nasty little Written Legal Documented notifications and was made to take those funds many CEO’s have admitted were strong armed into taking that is now looked at as ”dirty “money even by their Stockholders .
98 % of all small Banks in America have not failed (the media never mentions or received any Tarp Funds )since they would not Fiance home loans to bad credit potential borrowers then or now .
Canada had “No Banks go Bankrupt or got any TARP Funds from the Canadian Govt.” last year since they didn’t fall for our own Govt. hoax on giving money for bad loans … In fact My own Bank , the Medium sized bank of Toronto has huge profits last year as did the nationwide Bank of Montreal our other bank when I ran Sealy of Canada .
Then those same American Banks were told how much CEO’s Presidents , VP.s and Executive Leaders or even high paid on commission of those Firms could earn( told that later as well without (LEGAL DOCUMENTED NOTIFICATION ) in income….. but those Union private Jet flying , owning their own private Country Club Union leaders were not .
It was the $ 77.00 hour a hour and paying Auto Workers not to work that got the Big 3 Auto Makers in trouble to start with since
5 Foreign lines of Car’s and trucks are made here in the South at $ 37.00 a hour and are doing 54 % of the Business in America with higher quality Cars and Trucks .
It was Govt. who pushed the price of gas to $ 4.37 a gallon and a $ 152.00 a barrel not allowing our own oil to be drilled ”where the damn oil in the Trillions of Barrels is buried !
Not to mention the home loans to no credit or bad credit home buyers was why the Housing market tanked effecting our entire economy .
Govt. fouled up again Our two biggest problems were created by the Federal Govt. …. then the Stock Market collapsed killing Jobs and retirement funds .Of course then Govt. borrowed Trillions shirking our dollar to the lowest level in 60 years giving America its largest debt ever by 9000 % .
To make matters far worse , The Obama Adm. told stock holders they had to take 20 % of the value of the Chrysler Stock or else ..”"Then “” HE paid back Unions for their 101 % support and gave the Union 55 % and controlling interest in Chrysler for Free .
No other President has even been this arrogantly power hungry in our History to Nationalize and Socialize this Nation.
Remember this drastic very dangerous Obama power move to having a total Socialist Nation and Economy is only one Hundred days old .
We sadly have 3 years 8 Months , 16 days, 4 hours and 51 seconds until he is booted from office and we can return to far less regulations , Govt. Control , Capitalism , free trade and most of all our Markets seek their own levels not artificially done by a pompous big Govt. raid on Co.s , our Individualism and own Personal Responsibilities in life not the Govt. chore as so stated in our own Constitution and bill of rights . I might ad verified in our own Federalist papers as well .

This is fascism.
Bush was horrible and Obama is no different, and he could possibly be worse.
The corruption, greed and bezzle is systemic at this point. We need a viable 3rd party of fiscal conservatives/ social liberals.

The Polls show Obama still has a lot of folks that support him. Does this say ANYTHING about Obama’s ability? NO NO NO.
It merely points out the blind hatred the voters had for Bush, and the election of ANYONE else. And they made Obama into a Rock Star guy. He is a farce, but those that voted for him are afraid to admit it…cannot admit it…will not admit it…because it shows how stupid they were…so that is why the polls stay high for the Community Organizing fraud.
The polls represent stupid people, not competent government.

Good work, Jake. I join the others in hoping you hang on to your job.
The whole union thing is very clever–I completely disagree with it of course. But these guys are out to unionize everything that matters. And they will do it by attaching strings to whatever they can. ONly union contractors can work on “stimulus” funded projects, for example. When healthcare is nationalized, do you think only unionize facilities will be eligible to participate? Card check–SEIU–etc. The goal clearly is to have everyone either in a union, on a govt payroll, on a govt dole, paying no taxes, voting as a block so 5% of the population pay the way for the other 95%.

Ylem | May 4, 2009 7:41:32 AM
“Worse than Bush?” Wow, when did you discover that? I never once doubted GWB’s loyalty to the United States. I do believe that Barry is an enemy of this country, and for some perverse reason, he would like to see it fail. The surest way for it to fail is to establish an economy just like all the third-world countries on earth. And do it by bullying people into “going along”.

Blind hatred of Bush — not so blind. It was earned
Clinton — 8 years of peace, prosperity and jobs.
Obama — right, be pissed off at him for spending too much money to overhaul the engine that Bush drove into the ground.
The supply-side solution — give the rich guys ALL of the money. They’ll make sure it finds its way into the right hands. We’ve seen it work.

The only thing transparent about this President is that he’s nothing but a snake charmer and he’s beginning to lose his charm. His whole staff consists of people that he himself said were the root of our Country’s problem(Washington). Well; he picked them.”No one is above the law”, unless you’re one of the many tax frauds appointed by him. No-one in his White-house has the ability to speak and actually mean what they say, they all get the “Gibbs translation”. Unions are getting their payback and everyone will “believe” that the hedge fund was threatened.

“obviously no evidence”
*****************
Well, there ya go.

Just another Chicago thug – how true!
Being an American just does not feel the same since BHO came on the scene.
He is determined to change the meaning of the words “land of the free – home of the brave” – true, many of us did ask why, why an inexperienced, untested person with so many strange alliances could even become a candidate for POTUS.

While I’m not sure if I back what the white house is doing with chrystler it is interesting how they are so confident that the white house press corps is willing to carry their water.
I guess being asked what “enchants” you about being in the whitehouse kind of makes that obvious though

What do you expect from a “community organizer”? That’s the way they operate.

There are certain individuals that take arrogance as a right. They are born bullies. Some of them don’t have the size, others the chutzpah, but is our duty to inspect which class they belong to and cut our business with them.
Steven Rattner is a sample.
Obama is surrounded by bullies.
I’m wondering whether its contagious.
Obama just pardoned the Rosen/Weissman/Harman espionage for Israel case (which had been exhaustively sabotaged by preivous AG Mukasey’s legal actions btw) showing Obama’s siding with bullyism personified by the impunity of the AIPAC posee (and I remember clearly when Obama “promised” his government was going to honor ACCOUNTABILITY above all! HA! HA! HA! HA! HA! HA!) (Who tells you, we may have a Lieberman in Obama, turning poisonous as fast as he can)

When the people fear their government, there is tyranny; when the government fears the people, there is liberty.
Thomas Jefferson

So wait. The argument against Obama’s bank plan is that it gives to much to Wall Street when these firms should just be allowed to fail or go into bankruptcy. The Obama administration decides that Chrysler needs to enter bankruptcy and pushes back against the Wall Street fat cats – we don’t even know if this is true, it’s a claim made by one guy who is probably angry because his bonus will be smaller this year – looking for a government handout (in bankruptcy, creditors are lucky to get back anything) and it’s proof that he’s a socialist, hellbent on destroying the nation? I guess this logic is to be expected from the Drudge lemmings.
And I just love how the blue collar folks y’all put forward as “real Americans” are suddenly lazy do-nothings if they are members of a union.
The intellectual weakness and inconsistitencies – and nutiness (socialism, fascism, Alinsky, birth certificates, etc, etc, etc) – of your arguments is why the GOP is destined for years in the wilderness unless they – and you – change their ways.

Does anyone really believe this story isn’t true? Hand over the presidency and both houses of congress and that absolute power corrupts….

When you are as big as the government, merely being in the room can constitute unconscionable intimidation if you are there to support the Rule of Law being thrown out the window.
The Government will never leave things be decided upon the merits of the situation. Soon there will be pressures to plead “special cases” as to which dealerships, which plants will be closed. And it will be done behind closed doors.
Once the Rule Book is out the window, might becomes right. The President is choosing to place the prestige of his office with might, and not right.

Remember is not what he says Its HOW he says it that
made the non-thinkers love him

“The White House would use the White House press corps to destroy its reputation….”
Is the media part of the Obama administration? Answer: yes.
And Media Matters is a far-left group that wouldn’t know the truth if it hit it in the head.

The only people surprised by this are the silly and naive Obamabots. Anybody with half a brain knows that true “reformers” don’t come out of Chicago politics. It’s all hard ball stuff. Obama is no different than Mayor Daley….he just reads a teleprompter better. Fools.

“Viejo Viz, the guy making the accusation gave $10,000 to the demcrats and $1000 to Hillary, yet you want to denigrate Republicans.’
well, then….. has to be true and accurate, as we know no body would give a donation to both political parties to score points and stay in the the good graces of both sides….

all the right wingers here seem to know everything but they’re not smart enough to have gotten their folks re-elected,,,,
but then again when you have such fine people like Palin & Joe the Plumber representing you, and no policies to offer except hate for most of America, it’s no surprise you had your butts handed to you.

‘The Chrysler factories in America are all going to permanently shut down.’
Posted by: DennyB
who cares?
it’s just capitalism working right? just let everything fail……survival of the fittest.. right….
what are you complaining about?
- if millions end up in the street starving.. big deal..
as long as capitalism has free reign….

Lauria: You reap (politically)what you sow. This is the political philosophy you supported. Now live with it.

I am DONE buying any product made by the UAW. I am sick of their politics.

The President DOES NOT CARE. If the president cared about the people of this country, we would be fine. He cares about everyone that is not an American YET…..
Leaving those who do care to twiddle their thumbs and ponder the thought of how so many people vote for Hitler..

Ah let me see….I….ahhh….I never heard the reverend reverend make such statements in my 20 years at his church……I ahhh…..where my teleprompter?…..humm….ahhh…Chicago style politics?…..ahhhh…ummm not me! I have always been a team player….uh….until someone gets in my way of my agenda. Then we need to take the to the woodshed and destroy them….uhhh….wait a minute that was written wrong….we need uh to change that… I mean correct that….turn that writer over the White House Press Core and let them punish the non believers….I am the greatest gift the world….and you….ahhh….had better….believe that…. I am saving the unions by breaking the trust of the investors….from school teachers and librarians…..those shamefull 401K holders they have no shame…..ahhh…..daaaa…..go forth and the press core on them and destroy them in my name……ahhh….amen….I mean go in peace.

Wake up America. American auto industry is going overseas without you and the UAW. IF you want to work, UAW, you have to be competitive to Korea and Japan, otherwise die. It’s your choice.

Wow, the extreme repubs are out in force in these comments!
One ATTORNEY complains that the firm he represented (note past tense as he no longer does) was strong-armed, without proof and the Obama administration is definitely guilty as charged? Even though an actual spokeperson for the firm says the Obama administration did no such thing. You are taking the word of an attorney, over the word of the actual firm dealing with the negotiations.
I hope none of you is ever on a jury!

Obama’s training is as a political thug (“community organizer”). This is his way of dealing with situations. You all knew this before he was elected, so why the devil would you vote for a political thug?

Obama is a thug, this story is probably true. I for one will never again buy an American car from an Obama held auto company.

Obama says “when everybody else is making sacrifices.” What the hell kind of sacrifice has the UAW ever made? They are coming away with ownership of the company. Sacrifice? Geez. Contrast that with a Hedge Funds that are funding Chrysler debt. They already know they won’t get their investment back – it’s only a question of magnitude. Sacrifice is already assumed.
A company run by a union is going to be one very entertaining Obama experiment doomed to failure. Who would even buy a car made by a government and union owned company? You’d have to be crazy. The only thing the UAW cares about is the UAW, and to a lesser extent, what they can extort from the employer.

Thank you Jake for offering real unbiased journalism.
While MSNBC, CNN, and FOX continue to push their respective agendas; at least a few can publish objective news.
Transparency is what the public was promised with this administration; unfortunately they’ve been as opaque as any before.
The “news” has become two groups; those that fellate and those that hate the president.

The media has failed us. Honest and objective reporting is dead. These outlets have become weapons of two warring factions labeling themselves as the left and the right.
Its no wonder people elected a man preaching hope.
I hope one day that our Congress puts term limits on itself. I hope one day that every person living in this country is forced to pay his or her fair share. I hope that my children will still have a country worth living in when they’re adults. I hope that we wake up as a nation and start trying to work together rather than furthering the divide.
I owe my allegiance to neither the left or the right, I owe my allegiance to this the rights and freedoms that so many of our American ancestors died fighting to protect. If more people woke up to that, and stopped labeling themselves one way or the other, we’d be able to get a little bit more done on Main Street and send a message to Washington that we aren’t going to put up with their antics. They represent us, remember? We don’t owe them anything.

We don’t want a Pravda type press nor a totalitarian government. Thank you Jake for doing your job when others won’t.

Who’s next? Didn’t have to wait long.
Now, Obama is on TV announcing that the lynch mob should go after “tax cheats” as next anti-social class — with “tax cheats” defined by Obama to include any of those who actually comply with the tax code by taking lawful deductions.
A whole new “evil” class for Obamanuts to demonize: including all those “evil” folks who make charitable deductions. They’d better look out because Obama is coming after them next, and even wants Turbo Tax Cheat Geithner to hire an army of IRS agents to stop all of their lawless behavior. A regular crime wave!
How else is Obama going to pay for his social(ist) revolution to finance the well-being of all those folks who don’t pay any taxes in the first place? And they “need” someone to pay more if they are to get more more of those “earned” income credits of their own.
It’s just a matter of fairness, right?
And cannibals have to eat, too.
TParty4USA

LA Times both denied release of tapes showing Obama feted terrorist sympathizers, and at SAME TIME (day before election) gave written testimonial on Obama’s election website confirming he has no such ties – LA Times LIED and concealed truth to help Obama agenda!!

The obamanation administration makes you long for the good old days of the mafia. At least they knew who the enemy was and punished them, not everyone else. It is NOT too soon to start impeachment proceedings!

I can’t believe I voted for this man! Obama’s own quotes on this issue are shameful. Once again pitting Americans against one another. He’s going to make Bush look like a saint! We would be so much better off with Hillary!

Wow—Obama doesn’t “stand with” investors! Who knew?

I’m bored with liberals saying you’re a “hate monger” just because they disagree with what you say. Name calling is nothing more than a cover for lack of any logical thought or logical debate. If only liberals would eventually grow up and stop relying on government to take care of them and their problems.
Annoy a liberal……go to work every day and pay your own bills.

They need to audio-record these shakedown artists.

You dems deserve this guy, he’s your president….not mine! Just as Bush wasn’t yours. Gee, I wonder how many dems are unemployed now !.

Group by group this administration is taxing, burning, threatening, and disrespecting large segements of business and the population. Unless you are a criminal or 100% welfare reciepient, he will get to you and something you value and take it from you. After he offends and takes from everyone but criminals, aliens, and gladhanding welfare reciepents, he won’t have enough base to be re-elected, which will be great. Maybe the press will wake up and start showing his approval ratings heading to the tank so we can realize we have Carter II here.

Last November the American electorate voted for Chicago-style thug politics. Ta-da!

well, im not at all surprised about any of the shenanigans going on at the white house. he said he wanted to CHANGE America,spread the wealth around. ect, ect.conservatives warned of this all through the campaign! but… who are they… here’s your change.

Many of the lefty commenters honestly don’t understand, and others are standard propagandists. For the first group: in bankruptcy a secured creditor typically recovers much more than 30%. The secured creditor lent money in exchange for a “security interest” in the assets of the debtor. This is important because the secured creditor has a claim on the assets of the company that is prior to any claim of the unsecured creditors (including the UAW and most other creditors, who are called unsecured creditors).
This is not some rightwing plot, it is the way the law of bankruptcy has been for as long as we have had bankruptcy. What Obama and his people are trying to do is intimidate creditors from exercising their legal rights (and to make it sound like they are the ones doing something illegal) so that he can give a windfall to the UAW.
This is the way Hugo Chavez would handle the situation. It is not the way the President of the United States should act. This should be a warning to anyone who was naive enough to think Obama was a moderate. He and his supporters do not believe in any economic rights. They think there is just a big pile of money and that it is Obama’s job to get a bigger part of it for them (“he’s going to pay my mortgage”, that kind of stuff).

Obama is dividing and conquering those who claim to be Christains and the real Christians. True Christians saw thru him because we have discernment.
Here is the knife that cuts. You cannot be a Democrat and a Christain at the same time for many reasons but mainly for his stance on abortion. Get saved and it all becomes clear.

http://thinkprogress.org/2009/05/04/right-wing-radio-tapper/

How much damage can be done in 100 days… Blame America world tour, gave back bust of Churchill, systematically destroyed the CIA, destroy the auto industry and sell out to the Europeans, weaken the military, embolden your enemies, shake hands with an oppressive Stalinist dictator, spend more money in 2 months than Bush did in 8 years… Does the madness ever end? Give your illegal alien aunt special priveledges… shall I go on?

ABC’s Jake Tapper Picks It Up, Drudge Promotes It
A day after Levin’s show aired, ABC’s White House correspondent Jake Tapper gave the right-wing attacks the platform they were looking for. Tapper reported, “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.” After Tapper reported it, Drudge linked to his story and helped give it further amplification:

When Obama handed over Chrysler to the UAW he officially became President Mob Boss. I surely do believe he would threaten anyone that doesn’t agree with him (Joe the Plummer, Tea Party Movement, Palin). He is no longer President of the United State as far as I can see. He’s apparently more concerned with having control over your muffler than things like, oh, protecting America from “man-caused disasters”. I think this guy is pathologically obsessed with confiscating personal and business income. I think he has a criminal mind and that is why most people can’t get a handle on who he is because he is so deceptive norman people can’t relate to him.

Charles, what else are they not telling us? The media lead us to believe in this man. I can’t believe I voted for such an inmature person. Obama’s quotes say it all. Who cares about Drudge. We have an teenager for a president!

ABC’s Jake Tapper Picks It Up, Drudge Promotes It
———————————
And THREE CHEERS FOR JAKE TAPPER and Drudge!! Otherwise the Chicago gutter politics would never have been revealed. Jake is one of this last real Journalists in this country and should be commended for reporting whatever is NEWS in an unbiased fashion and let the chips fall where they fall!!
I call that courage.

This morning, ThinkProgress documented a series of facts about how right-wing radio helped push a false political attack against President Obama. The attack began with a false assertion made by a corporate lawyer named Tom Lauria who appeared on a conservative radio show. The comment was taken up by a right-wing radio host who works for ABC. The story then got the attention of ABC’s Jake Tapper who took it to the White House for comment (the White House denied it). And finally, it ended up on Drudge. An ABC News spokesperson issued a statement to ThinkProgress denying that Tapper first learned of the story from a right-wing radio host. ABC explains that Tapper simply “overhead” an unnamed radio reporter talking about the matter:
Your assertion that Jake reported on this matter because he was encouraged to do so by conservative talk radio hosts or their listeners is inaccurate. No one pressured him, no one peddled anything to him, and no one reached out to him to cover this. Indeed, the first he heard of Mark Levin pushing this story was in your post.
Jake first heard of this story when he overheard a radio reporter talking about Mr. Lauria’s interview with WJR-AM. Having covered the Chrysler deal for ABC News, and having spoken to many Obama administration officials about the hedge funds whom President Obama disparaged, Jake was also interested in hearing the other side of the story.
He did due diligence on Lauria, found he was a leading bankruptcy attorney who represents players in this debate, with no discernible partisan bias, and called him up. He also reached out to the White House and got its denial of the story. Your implication is completely different from what actually happened.
By reporting the story, Tapper chose to accept the validity of Lauria’s claim that the White House could get “the full force of the White House press corps” to threaten a private company. Despite the fact that both the White House and Perella Weinberg denied to ABC that any threats were made, Tapper still reported Lauria’s false accusation on his “Political Punch” blog. Drudge and other right-wing outlets are glad he did.

Since Obama has taken control of the banks, I wonder what he is doing with the financial records of individual Americans that have accounts in these banks?

And the left called Cheney “Darth Vader”, this makes Obama look like Al Capone. Thanks to dems, we have a Chicago-style Bully government. At this point, I’d even rather have Bill Clinton than Obama! At least Bill had governed and knew tax cuts meant more revenue!! I hate to see how our economy will look in 1 year. These 100 days has had more damage done than Wilson, FDR, Carter and Clinton combined! The sad thing is that this attorney gave $10,000 to Obama’s campaign! More people to be thrown under the bus.

Dow’s way up today. Why? because all the Drudge-reading hedge fund managers and other Rovian Republicans who usually steal your money are busy over here defaming the President and trying to protect their special interests.

This is a lie being perpetuated by right wing radio. Either Jake is stupid and got caught up in this lie… or he is helping to perpetuate it… Either way his reputation is tarnished.

We have elected a manchild for president. I even voted for this man. Democrats, we must work at softening this Obama’s attacks! We didn’t bargain for this behavior. We have unleashed something we didn’t quite understand. I feel uneasy about the power he has now. The power that Bush grabbed from us all. I am very apprehensive with Obama’s statements. They are not the type of statements he made during the campaign.

This reminds me of Hillary’s “right-wing” conspiracy. A lie to cover up the truth. (Something her and Bill are really good at). Remember, whatever “is” is? Bill knew he was lying from the get go, he just didn’t want to get caught. According to democrats, lying under oath is no big deal.
Same for Obama. He lied about his history with Marxists and tried to blame it on Joe “The Plumber”. They stole Joe’s personal information and leaked it to the press,(somehow, no one got charged or lost their job). Kinda reminds me of Sandy Bergler stuffing confidential papers down his pants and no arrests!
Obama will deny he doesn’t want to own the banks and auto industry, but ACTION speak louder than words. WE KNOW YOU ARE A LIAR, OBAMA. The American people are not fooled.

Tapper is ABC’s token “balance” guy. His “provocative” questions get 10 seconds a week or get buried on a blog, However, they are supposed “prove” that ABC news isn’t a lib PR firm.
I’d like to take him seriously, but I’m convinced it’s a shell game, and he knows his place– he’ll never “uncover” anything major (except maybe by accident). Then, Fox may try to run with it, but get shouted down or ignored by the MSM (including ABC).
It’s a game, folks.

Presidnet Obams’s comments about Weinstein Perella and other creditors were tantamount to his suggesting they be devied the protection that the bankruptcy law affords them as creditos. I guess the law only should protect those whose interests align with those of the President. Perhaps he was angry because Weinstein Perella is the successor firm to wasserman Perella where rahm Emanuel worked and pocketed over $16 million for tow years work. Maybe teh President thought that Rahm’s relationship with Perella would get assure the support of his firm. In the end, that support was achieved but the use of Obama’s harsh rhetoric, whether or not followed by an outright threat by others, is a misuse of presidential power. Legal protection, whether the President likes it or not, is offered by the bankruptcy law and investors, and others, should be free to use it without being publicly pilloried.

Who is going to buy American Treasuries if this is how you treat bond holders? When Obama starts defaulting on our enormous debt, is he going to tell all the Chinese who own $1.9 trillion of our debt to take 29 cents on the dollar? These guys are truly short sighted. This is what we call “on the job training.”

Non and other lefties:
Which is more “fair” or less “greedy”:
1. Perrella Weinberg and others take TWENTY NINE CENTS ON THE DOLLAR for their investment in Chrysler (keeping in mind they’d get at least half if Chrysler was liquidated because of their senior lien position, AHEAD of the unions)
or
2. Rahm Emanuel getting SIXTEEN MILLION DOLLARS for making political connections for the very same Perrella firm from 98-01.
Funny, Obama certainly “stands with” Emanuel getting 16 million for doing nothing other than using his connections gotten by being a Clinton advisor, i.e. SELLING INFLUENCE – the VERY THING OBAMA COMPLAINS ABOUT re LOBBYISTS and the “culture of corruption” in Washington.
All the non-TARP lenders were trying to do was get half their money – 50% – of what is owed, as that was the low end estimate of what would be recovered during a liquidation BKR.
Somehow this is evil greed, but Emanuel’s 16 million for selling his political connections isn’t evil greed yet REWARDED WITH TEH CHIEF OF STAFF JOB?
Hypocrisy, thy name is Lefty.

Completely believable.We have the precedent of ACORN shutting down radio stations and intimidating voters.Obama is a strutting thug.No better his pal Hugo

No surprise there. Of course Rattner threatened them. This is the administration that kicked reporters off the campaign plane if their newspapers/magazines weren’t rabidly pro-Obama. At least Rahm Emanuel didn’t mail them a dead fish. Then they’d KNOW they were in trouble.

“You republicans lost in 2006 and 2008,
deal with it…”
You Demoncrats lost in 2000,2002 and 2004. You didn’t just “deal with it”, you protested and bad mouthed everything that came out of Washington.
Now, YOU WILL be criticized … DEAL WITH IT!

I personally don’t give a rat’s behind what those investors think. They can beg for scraps like the rest of us. Wall Street hustlers get no sympathy from me.

buy gold as your only investment… dig a hole in the ground to live in… line the walls of your hole with the gold bullion to prevent hole collapse… wait until obama is deposed to come out of hole.

Sgur….”I personally don’t give a rat’s behind what those investors think. They can beg for scraps like the rest of us. Wall Street hustlers get no sympathy from me.”
You better care. Who do you think buys the U.S. Treasury bonds? We would be out of business as a country if investors stopped buying treasury bonds for a month. This is what is so sad about this development. You have now taken sides against the very persons that sustain your existence. Obama has persuaded you to despise the persons that pay you to work. Whether you believe me or not, Obama just lessoned your chance of getting a raise this year or next….

Most people are getting ZERO cents on the dollar and these babies are crying because they are getting 29 cents on the dollar? Waaah, too bad. Welcome to the real world.

waaahwaah wrote:
Most people are getting ZERO cents on the dollar and these babies are crying because they are getting 29 cents on the dollar? Waaah, too bad. Welcome to the real world.
Actually you are wrong, most people have not lost everything, just those who believed the gov’t can help them at every turn. The rest of us understand prosperity cannot be bestowed upon us by our gov’t. We have to earn it, and invest it. Obama just trashed the second step of the American Dream…

I’m beginning to see how a once great country can become a 3rd world Banana republic ruled by a dictator. Always wondered how that could happen.

Welcome to our new capitol
Washington, District of Chicago

Reality Check wrote, “The GOP is scared this administration will… restore America’s prosperity…”
yes, we reedy conservatives and GOP’ers are terrified that our prosperity will be restored. if all we care about in money — and not people like you fine folks on the left — wouldn’t we be cheering ANYONE who returned the country to financial stability so we can continue to rake in our obscene profits?!
you’re not making much sense, mr. check.

Madison wrote:
Obama’s own statements are truly imbicillic. Does he expect buyers of U.S. Treasuries to eagerly continue buying when he shows such distain for investors? Who is going to buy from him? Who will invest in his mountain of debt that pays off political cronies? He really is a neophite, a child no less.
I agree…

Alexander Hamilton wrote:
The headline should read, “Obama Destroys US Treasury.” Why would anyone buy debt from the U.S. Treasury knowing that this is how you will be treated when times get tough. Obama is burning the candle at both ends. He insults bond investors and simultaneously increases our debt load. We are going to get hurt…
Very nicely put…

Why is it that EVERY ISSUE in this country devolves into an “US vs. THEM” skirmish with the Democrats now in power??? If they are not constantly RACE-BAITING, then they are constantly “RICH-BAITING”–knocking the so-called RICH & CORPORATIONS as “THE PROBLEM”… WHEN will the current Admin GROW UP and tackle the problems directly and honestly, without constantly using such DIVISIVE TACTICS to push their own self-serving agenda?

Obamunism at it’s best. Take from anyone who has it and give it to the unions who you owe everything to. You Obama supporters better wake up and look around you and see in what direction our New Socialst Order (Obama administration) is taking us. If you’re smart enough to know the difference between capitalism and socialism, I think you’ll start questioning this administrations actions.

This is ridiculous. The problems with the auto industry happened because of the unions, not the investors, yet he wants to take over the companies and hand them right over the the source of the problem. I feel bad for people who put their money on the line, only to have the government steal it from them.

Obamacide said:
“Well, for those of you voting for “Change” I have only one thing to say:
Told you so! You’re getting the CHANGE aren’t you?”
….Yep we’re getting our 29 cents of change on the dollar. Yes We Can!

It’s a shakedown…plain and simple…Pay off the union thugs at the expense of the investors…This will make Watergate look like a picnic before this whole wrongheaded mingling of government, finance and industry is over.

For the dummbo in the White House to say that the fund would not sacrifice is patently a lie.
Sacrifice implies some sort of voluntary act. What the dumb a$$ in the White House wanted was for the fund to surrender its rights, and its clients assets.
There is a big difference, and the leftist knows it. I believe the firm’s lawyer rather than anyone associated with the Obama cabal that is destroyig our financial industry.

Thomas Jefferson wrote:
“Obama wants the investors to take 29 cents on the dollar? They wanted 50 cents and he called them stingy? So the UAW is going to take 29 cents on the dollar as well. Right? Let’s be fair! Wow, you can see who lines Obama’s pockets. Gov’t is at its best when politicians get to pick the winners and losers. Yes We Can!”
Well said…

Hey ABC.
Pearls and swine, and I can’t say you don’t deserve it. (Thanks for doing a great job of cheerleading us into Iraq, DUH!)
What was that old saying about the fleas of a thousand camels or something?
Boy do you deserve this insightful fan club!!
Enjoy.

So Jake, you take a specious claim by Lauria and try to present it as fact, when both the White House and the company in question denied such an event happened. Talk about shoddy journalism.

So we now have the Sopranos running (or should I say “ruining”) our great country…this is truly terrifying

Bond Holder wrote:
“Who is going to buy American Treasuries if this is how you treat bond holders? When Obama starts defaulting on our enormous debt, is he going to tell all the Chinese who own $1.9 trillion of our debt to take 29 cents on the dollar? These guys are truly short sighted. This is what we call “on the job training.”
Logic is not politics. Politics is not economics. And we tax payers are stuck in between…We will pay dearly for this president’s mistakes….
——————-
He won’t default, they’ll just raise our taxes. Everyone’s taxes. Yahoo! Yes We Can!

JAKE JAKE JAKE..STOP BEING USED BY THE RIGHTWING NUTS. I KNOW THE PRESS CORP IS A VERY COMPETITIVE ARENA BUT DO YOUR HOMEWORK OR YOUR CREDIBILITY WILL GO FURTHER IN THE TOILET,THE STORY ABOUT THR HEDGE FUND WAS A RUSE AND YOU TOOK THE BAIT.THESE PEOPLE ARE LIKE TRAPPED ANIMALS AND WILL SAY AND DO ANYTHING TO STOP BEING HELD ACCOUNTABLE FOR THEIR ACTIONS.

It’s amazing to me how many Americans still have no idea who Obama really is. Think about who he’s appointing in his cabinet – that alone should tell you something….yet he’s on TV protesting about tax evaders hiding in America.

Obama is definately the worst president of the USA. FDR,LBJ, and Carter are presidents who tried to do what Obama is doing now – but Obama is going to fast and too many things for socialism/marxism that people are noticing more and more. Good!
MORE TEA PARTIES.

What I wonder is just what is the mechanism by which Obama can turn the fury of WH Press Corps against a private party? Astounding!

“there’s obviously no evidence to suggest that this happened in any way.”
Whenever someone uses the word “obvious” in a debate, they are trying to snooker you.

What “actions” do the Chrysler hedge funds and investors who said no to Obama’s demand that they SUBORDINATE their senior liens to the union’s junior liens?
What logic backs up your talk?
answer: None.
Demanding someone take 29 cents on the dollar so that the union, who has an interest junior to the bondholders under the rule of law (remember that??), can get over 50 cents on the dollar is somehow proper government policy?
Amazing.

We are a “nation of laws” according to the Moron in Chief when it comes to coddling murdering terrorists who thke joy in the death of women and children but when it comes to the bankruptcy laws we can not only look the other way but sic the “white House Press Corp” on those who still think the Federal law can be relied upon as it has for a century or so. Now to pull this off the Moron in Chief will have to appoint a failed, never tried a case (like himself) politician who got into politics because he/she got thrown out of every courthouse on the planet to the Supreme Court and hope that the strings on the bobblehead don’t show too much.

urlistening: please (and I’ve very serious) explain to me why you wrote what you did about our Pres and his “communist roots and plans”. When you accuse the media of not writing about it, are you suggesting some kind of plot? Don’t Fox/NY Post/Murdoch, Forbes, National Review and tons of conservative groups have the brains and capacity to write about this satanic plot you appear to assert is happening? If you are going to say silly stuff, please back it up or leave it alone. I’m so sick of hearing this kind of garbage from the right. Big lies, little lies – they are lies just the same.

urlistening: please (and I’ve very serious) explain to me why you wrote what you did about our Pres and his “communist roots and plans”. When you accuse the media of not writing about it, are you suggesting some kind of plot? Don’t Fox/NY Post/Murdoch, Forbes, National Review and tons of conservative groups have the brains and capacity to write about this satanic plot you appear to assert is happening? If you are going to say silly stuff, please back it up or leave it alone. I’m so sick of hearing this kind of garbage from the right. Big lies, little lies – they are lies just the same.

They play hardball with investors, but bow down to union members

and how, specifically, did he bow down to unions? do you even know about the concessions the unions made or that their 55% could become zippo if this doesn’t work? do you think that Obama and the Dems have no rationale reasoning for making their decisions? C’mon, people, get real. And if anyone is going to use the word “fascist” or “socialist” please have the the intellectual honesty to tell us what the word means to you. Or you could look it up in the dictionary.

What a lot of folks don’t get is that those “greedy” investors who are “unwilling to bend” are likely you and me. Anybody that has a 401K. Our retirement was invested into these businesses and suddenly we’re the bad guys who ought to take a 2/3 cut on the dollar for our investment while the UAW sits fat and pretty. People really need to wake up on this demonizing of investment that’s going on in this country.

Also DC Bullies – Nothing New, you may or may not like Bush 41, but he never threatened, he acted and kept us safe if only for the reason terrorists and terrorist countries were afraid of him. I would like to mention that I was a Democrat till Johnson took over and reversed JFK’s intention of getting out of Vietnam.
At least Bush had many Democrats vote for both the war in Iraq and Afghanistan, based on the same Intel he received. But I will have to say I turned against Bush when he began the bail outs, Border issues, and commuting rather than pardoning Campeon and Ramos, and not pardoning former Congressman Jim Traficant(D) who many believe was framed for crimes he didn’t commit.

Ugetwhatuvotedfor. U hit it on the head! Too many of them are still on the bandwagon…tons will never find their way off because they are so enthralled with “The Great One” and his teleprompters!

Wow since having the definition of Fascism posted we now have no comments….odd…

I believe the whitehouse’s story, sure I do, I also believe Obama was born in the USA and has a valid birth certificate to prove it.

Can you imagine if you invested $50,000 in a fund that you would likely get 60 cents on the dollar for in bankruptcy, but the chosen one decides it should be 29 cents on the dollar. Those fund managers would be facing lawsuits like we have never seen.
They would ask the manager what do you mean that we could have received $30,000 for our $50,000 investment but you are paying us $14,500 instead because Obama says we should take less.
Obama is arrogant, derisive and divisive.

Hmmm…what “sacrifices” did the UAW and the government make? The UAW is rewarded for destroying a company by receiving a 55% majority holding (and can anyone explain where the Constitution of the United States gives ANY president the power to make such an award???), and Obama’s Brownshirts are in the driver’s seat (pun intended) of yet another pillar of the American economy. Obama – “CHAINS you can believe in.”

Lou Grabratzi lives!

Obama is a fascist who is perfectly comfortable attacking Americans with illegal means of extortion but who is uncomfortable with confronting terrorist and leaders of hostile countries. The Manchurian Candidate.

Obama is a cheap snake oil salesman, bought and paid for by the unions and euro-socialists like George Soros. You idiots that voted for him made a huge mistake that is going to cost our country a huge price. Way to go.

According to this story, President Obama may have used strong arm tactics to save the auto industry.
Previous administrations tried similar things. First President Clinton pushed them to create 80 mph cars. And shortly after that, President Bush pushed them to kill the project.
Would a true friend give an alcoholic a drink of whiskey? Or would they push them to do the right thing and quit drinking.
President Clinton and President Obama are the true friends of the auto industry. President Bush let them escape their responsibility to invest in fuel efficiency during the times when they had more money than they could spend.

Without depositions under oath this amounts to “he said she said” regarding the aledged threat. However we do have Obama on tape denegrating investors as ‘speculators’ whose only sin is demanding their rights under bankruptcy law. As has been pointed out in numerous posts, these evil speculators represent the interests of pensioneers, and retirees. Undermining bankruptcy law is a terrible precedent to set.
As has also been pointed out numerous times…efforts to cancel the rights of bond holders will have serious long term adverse reprocussions by discouraging future investors to buy US bonds.
If this occurs, the Fed will have no choice but printing dollars at a more rapid rate, effectively devaluing the dollar. And OBTW its already starting as the Chinese are dramatically reducing their purchases of our debt and are in fact dumping dollars. The only way to provide the Trillions of dollars that Obama has pledged is to print greenbacks. The result will be hyper-inflation. If you don’t know what that is Google it along with Argentina, Brazil or Germany. Its coming you better prepare yourselves.
And yet inspite of this, the Obama apologists on this blog fail to understand these serious issues, choosing instead to make this an R vs D debate. Its not…its about the future of this country.
Will we remain a capitalist democracy or will we become a socialist state with central planning.
Hopefully 3.5% of those who voted for Obama will realize their mistake and start calling their congressmen so the Hope and Change Express can be derailed before its too late.

mfdesquire wrote, “In a bankruptcy, the hedge funds would have been entitled to about 60 cents on the dollar.”
The subjuntive is inappropriate because Chrysler has in fact filed for bankruptcy. Anyone who is wondering how seriously to take the comments of mfdesquire might want to wait until the bankruptcy court determines how much the hedge funds are owed, and see how that number compares the the 60 cents on the doller that mfdesquire talks about.

How could anyone doubt this? This is their MO. This is what they did to get the AIG executives to return their bonuses. Whether you agree with the bonuses or not, the fact is one group of people were threatened while another (Fannie Mae) got even more bonus money and were completely ignored by the MSM. This is not an administration; it is a fascist regime operating completely outside the bounds of the Constitution.

BUFFET REVEALS THE OBAMA PLAN:
The Congressional Budget Office predicts that government debt will peak around 54 percent of GDP in 2011.
But Buffett told CNBC Monday morning that the ratio could surpass 80 percent — unless there are significant spending cuts or tax increases.
After a testy exchange with Sen. Judd Gregg, who suggested that President Obama’s plans to hike federal spending would only increase the nation’s staggering national debt, Buffett relented by stating that, in the end, the U.S. government simply will do what every other government has done in such circumstances.
“A country that continuously expands its debt as a percentage of GDP and raises much of the money abroad to finance that, at some point, it’s going to inflate its way out of the burden of that debt,” Buffett said.
Experience proves that, he points out.
“Every country that has denominated its debt in its own currency and has found itself with uncomfortable amounts of debt relative to the rest of the world, in the end they inflate,” Buffett explains.
“That becomes a tax on everybody that has fixed dollar investments,” said Buffet.
So much for the tax cut on 95% of Americans lie.
NOW DO YOU UNDERSTAND LEFTIES?????

It will be a cold day in hell when we buy a vehicle built by the UAW or a company owned by the US government. That’s how you “vote”, with your pocket book.

Seymour
LOL nice B.S.

I am very impressed with the new political awareness of some here, protesting with ‘tea party’ gatherings, threats to secede from America, protests by not buying products of certain companies, ‘taking to the streets’ to express’ your opinion, not trusting the press..
wow, one might think it was the 60′s all over again….
but you must be careful..,and you should be thankful that a Democrat is in office at the moment, otherwise you could end up like the students at Kent State if a Republican was in office.
or, you could be arrested at RNC convention pre-emptively by the police in Minn. for even thinking about protesting..

Well Jake it would seem to me that he got what he paid for, so why is he crying about now.

I’m now making the transition from worrying that this is administration might ideologically extreme to worrying that it might be just plain evil.

Obama is not change he is a dictator. The fawning by the american media is leading us into a dictatorship. The real change is coming soon when we are bankrupt with complete out of touch moron in office. Chrylser bond holders had to give up far more than the bums at UAW. UAW GETTING PAID 80% OF THEIR WAGES TO SIT ON THEIR BUTTS AND THEY GET THE STUPID COMPANY. AFTER THEY LET FIAT GET OWNERSHIP FOR FREAKING NOTHING. ONLY A COMMUNITY ACTIVIST COULD COME UP WITH THIS. DOESN’T MATTER BANKRUPTCY WILL KILL CHRYSLER ANYHOW. FOR THAT WE CAN THANK THOSE BRAVE BONDHOLDERS. LET THE DEAD DIE

Obama and friends seem to believe they are above any and all laws when they tell companies what to do……sadly Obama isn’t able to deal with people who disagree with him…..I hope others will speak up..LOUDLY…to stop this guy. HE IS a threat to our way of life….call me paranoid…but you better start listening before you won’t have ANY choices……THEY HAVE THE POWER AND THEY PLAN TO USE IT……how long depends on YOU and ME!!!

This is in keeping with most of what the big “0″ does.When he was asked about his qualifications as president his campaign went all out to paint anyone who wants to know if the president was born in America as wearing tin foil hats. He has strongarmed and threatened his way into the office he was installed in and now is going to try his best to completely bankrupt the federal government and at the same time continue the mission toward global currency and global government.
I have a friend whose retirement is dependednt upon returns from an investment in Occidental fund. They are the people that the big “0″ doesn’t stand with and will lose much of their hard earned money because their retirement invesments are not something the big “0″ will stand with.
Americans will long for the days America was in good standing in the world and our dollar was worth something.They will speak about the America before 0

This is Extortion, plain and simple. Extortion is a crime, a very, very bad crime!

Perella Weinberg said in a statement that the firm decided to back the government-proposed settlement Thursday afternoon, AFTER Mr. Obama criticized the lenders in harsh terms.
“In considering the President’s words and exercising our best investment judgment, we concluded that the risks of potentially severe capital loss that could arise from fighting this in bankruptcy court far outweighed any realistic potential upside,” the firm said, suggesting that its decision was based on financial calculations.
Charles, I’m sure that their decision had nothing to do with the fact that Rohm Emanuel previously worked for Perella Weinberg, and is now the Obama Hitman, not exactly known for his tact. I’m sure that it had nothing to do with the fact that Perella Weinberg is advising the Obama Administration on the disposal of toxic assets.
I’m sure there was no undue influence placed on them by members of the Obama Administration. No, I’m sure it had everything to do with the fiduciary responsibility they have to the clients they represent.
Yeah that’s the ticket!!!

Please tell me what the lawyer had to gain?

Len sez:
This story doesn’t make any sense. Tapper fails to point out that he himself is a _member_ of the White House press corps that spends its time razzing Press Secretary Gibbs almost every day — fairly in some cases or more often, unfairly.
Len read the name of the blog:
Political Punch
Power, pop, and probings from ABC News Senior White House Correspondent Jake Tapper

Attack Tapper and Lauria, but in light of the President’s very public attack of Lauria’s client and similarly situated Chrysler investors, there is ample reason to conclude Lauria’s contention is true. Lauria claims his client was told if it did not go along with the President’s restructuring plan, the White House would destroy its reputation. President Obama then very publicly does exactly that.

Its just like everything else Obama is doing…..DO IT MY WAY OR I WILL DESTROY YOU!!! If people cannot see his goal from his agendas now, it will soon be to late. Obama is taking America down the road to destroying freedoms as we have known freedom in the past. Once he has everyone relying on government to give us our needs, then you can bet your life he will be the dictator he wants to be. He has all the ear markings of being a true narcissist.

It is humorous to read above that if you protested under a Republican President you might “end up like the students at Kent State.” First of all, as a Kent State grad, the comment is a bit offensive. Secondly, we did have a Republican President previously, there were tons of public protests against him and the war, and not ONE of those protesters was shot!
Secondly the protests at the RNC (to say “convention” again would be redundant) were not peaceful. Those that were not protesting peacefully were arrested. Those that were, were not arrested.
The level of intellectual dishonesty is disheartening!

Their articles here are a platform for policy debate, and discussing other developments in Westminster.
Thanks for this nice post..
Thanks
Rakesh

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It is humorous to read above that if you protested under a Republican President you might “end up like the students at Kent State.” First of all, as a Kent State grad, the comment is a bit offensive. Secondly, we did have a Republican President previously, there were tons of public protests against him and the war, and not ONE of those protesters was shot!

You have great post everyone. Actually, I prefer myself to focused on bankruptcy matter because I can certainly relate on it completely. Bankruptcy is not something I recommend any more than I would recommend divorce. Are there times when good people see no way out and file bankruptcy? Yes, but I will still talk you out of bankruptcy if given the opportunity. Few people who have been through bankruptcy would report that it is a painless wiping-clean of the slate, after which you merrily trot off into your future to start fresh.
Don’t let anyone fool you. I have been through bankruptcy and have worked with bankruptcy for decades, and it is not a place you want to visit. Bankruptcy is listed in the top five life-altering negative events that we can go through, along with divorce, severe illness, disability, and loss of a loved one. I would never say that bankruptcy is as bad as losing a loved one, but it is life-altering and leaves deep wounds both to the psyche and the credit report.