U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 05-04-2009, 08:26 AM
 
Location: Charleston, WV
3,105 posts, read 6,859,251 times
Reputation: 840

Advertisements

Lawyer Thomas Lauria claimed publicly that the White House administration threatened to ruin the reputation of one of Chrysler's creditor firms if they continued to oppose the White House plan for Chrysler's bankruptcy. He said the Obama admin would use the White House press corps to discredit the reputation of the firm.

White House deputy press secretary Bill Burton denies the claim of a threat.

True, not true. Who knows? Evidently there is no proof.

A tape of the interview can be found at Island Turtle: White House uses strong arm tactics to extort concessions from lenders
It includes:
Quote:
Lauria: Let me tell you it’s no fun standing on this side of the fence opposing the President of the United States. .......... One of my clients was directly threatened by the White House and in essence compelled to withdraw its opposition to the deal under the threat that the full force of the White House Press Corps would destroy its reputation if it continued to fight. That’s how hard it is to stand on this side of the fence. Island Turtle: White House uses strong arm tactics to extort concessions from lenders
Quote:
The Obama administration threatened to use the White House press corps to besmirch the reputation of one of the financial firms that holds Chrysler debt, according to a prominent New York bankruptcy lawyer. White House "Directly Threatened" Perella Weinberg Over Chrysler
Quote:
A leading bankruptcy attorney representing hedge funds and money managers told ABC News Saturday that Steve Rattner, the leader of the Obama administration's Auto Industry Task Force, threatened one of the firms, an investment bank, that if it continued to oppose the administration's Chrysler bankruptcy plan, the White House would use the White House press corps to destroy its reputation. White House Denies Charge By Attorney that Administration Threatened to Destroy Investment Firm's Reputation* - Political Punch
Quote:
Speaking to WJR, Thomas Lauria said that the White House called the bondholders "vultures" for insisting on their rights as senior creditors and told them that the Obama administration would use the White House press corps to attack them in the media
Chrysler Creditor's Lawyer Claims White House Threatened His Client -- Politics Daily
Rebel Chrysler debtholders to fight bankruptcy sale - Telegraph
Rate this post positively Reply With Quote Quick reply to this message

 
Old 05-04-2009, 11:08 AM
 
1,905 posts, read 2,265,735 times
Reputation: 543
I think our leftist whackos are out at the huffington and DU websites to find out how to answer this.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-04-2009, 11:21 AM
 
2,654 posts, read 4,939,166 times
Reputation: 1929
"That's the Chicago way!!"
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-05-2009, 08:43 PM
 
12,869 posts, read 13,673,184 times
Reputation: 4453
somebody sure is getting wealthy off of the chrysler bankruptcy:

Today’s Chrysler Court Docs: Debtors’ Lawyers Get $24.7 MILLION so far.
By Robert Farago
May 5, 2009


So far today, the only motion filed: Chrysler debtors’ application to employ Schulte Roth & Zabel (SRZ) as “special counsel” .

11. During the twelve-month period prior to the Petition Date, SRZ received from the Debtors an aggregate of approximately $24,710,000 for professional services performed and expenses incurred for and on behalf of the Debtors. In addition, in April 2009, the Debtors received a retainer of $2,000,000. SRZ has applied the entire retainer to fees and expenses incurred on behalf of the Debtors and its current balance is $0.

12. The customary hourly rates of SRZ attorneys are as follows: (a) between $715 and $880 for partners, (b) between $645 and $670 for special counsel, (c) between $265 and $615 for associates, and (d) between $110 and $305 for legal assistants.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-06-2009, 01:53 AM
 
16,877 posts, read 16,490,653 times
Reputation: 10297
Quote:
Originally Posted by floridasandy View Post
somebody sure is getting wealthy off of the chrysler bankruptcy:

Today’s Chrysler Court Docs: Debtors’ Lawyers Get $24.7 MILLION so far.
By Robert Farago
May 5, 2009


11. During the twelve-month period prior to the Petition Date, SRZ received from the Debtors an aggregate of approximately $24,710,000 for professional services performed and expenses incurred for and on behalf of the Debtors. In addition, in April 2009, the Debtors received a retainer of $2,000,000. SRZ has applied the entire retainer to fees and expenses incurred on behalf of the Debtors and its current balance is $0.

12. The customary hourly rates of SRZ attorneys are as follows: (a) between $715 and $880 for partners, (b) between $645 and $670 for special counsel, (c) between $265 and $615 for associates, and (d) between $110 and $305 for legal assistants.
Now there's a whole lotta change we can believe in.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top