This is an update to our May 4th post on how the White House allagedly used threats and coercion to intimidate certain Chrysler Investors/debtors abandonong their rights as creditorsin favor of the Obama plan.
Today, there has been corroboration of the story by two additional sources.
The Business Insider reports:
New Allegations Of White House Threats Over Chrysler
John Carney|May. 5, 2009, 12:33 PMCreditors to Chrysler describe negotiations with the company and the Obama administration as “a farce,” saying the administration was bent on forcing their hands using hardball tactics and threats.
Conversations with administration officials left them expecting that they would be politically targeted, two participants in the negotiations said.
Although the focus has so been on allegations that the White House threatened Perella Weinberg, sources familiar with the matter say that other firms felt they were threatened as well. None of the sources would agree to speak except on the condition of anonymity, citing fear of political repercussions.
According to the story, both new sources were Obama voters in the presidential election.
Too soon to tell, but here’s hoping this is the story that pulls back the curtain on Obama and his rogue administration and exposes them to all for who and what many of us have known them to be all along.
Ed Morrisey at Hot Air has more…
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-Cnation