Eerie how financial wizard President Obama speaks more vehemently toward Americans who oppose his policies than he does toward enemies who threaten national security. One of many examples comes from the Chrysler financing proceedings as a group of lenders continues to oppose the plan.
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U.S. Bankruptcy Judge Arthur Gonzalez overruled objections from a dissident group of Chrysler LLC lenders, who argues that the loan was too closley tied to the sale, setting Chrysler on an irreversible path to complete the deal at the lender's expense. "As the court is aware, we're concerned htat we're starting construction of a bridge that may turn out to be a pier," said Tom Lauria, an attorney for the lenders... The biggest obstacle appears to be Lauria's clients, who may be forced to disclose their identities today... The group of holdout lenders refused to take the four banks' deal and go along with the government's restructuring plan for Chrysler, and President Obama blamed them for pushing the automaker into filing for bankruptcy protection Thursday. "I've never represented a group of creditors who were called out by the president of the United States for just standing up for their rights," Lauria said. (Associated Press, Kokomo Tribune, 5/5/09, p. A5)
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U.S. Bankruptcy Judge Arthur Gonzalez overruled objections from a dissident group of Chrysler LLC lenders, who argues that the loan was too closley tied to the sale, setting Chrysler on an irreversible path to complete the deal at the lender's expense. "As the court is aware, we're concerned htat we're starting construction of a bridge that may turn out to be a pier," said Tom Lauria, an attorney for the lenders... The biggest obstacle appears to be Lauria's clients, who may be forced to disclose their identities today... The group of holdout lenders refused to take the four banks' deal and go along with the government's restructuring plan for Chrysler, and President Obama blamed them for pushing the automaker into filing for bankruptcy protection Thursday. "I've never represented a group of creditors who were called out by the president of the United States for just standing up for their rights," Lauria said. (Associated Press, Kokomo Tribune, 5/5/09, p. A5)
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Don't worry, though. President Obama will unite us yet... resistance is futile.
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