Obama’s Chrysler Deal Violates Bankruptcy Laws and Constitution
“If the Obama administration expected the senior creditors of Chrysler to fold their tents under political pressure, they may have gotten a rude shock today. Thomas Lauria, who accused the White House of threatening the creditors withn humiliation at the hands of the White House press corps, has filed a motion to halt the administrations machinations on behalf of the UAW in the Chrysler bankruptcy. Lauria and his allies claim that the Obama administration has violated the Constitution in their bid to devalue the senior creditors holdings on behalf of junior creditors, and have some precedent to support the allegation.”
http://hotair.com/archives/2009/05/04/senior-creditors-chrysler-deal-violates-5th-amendment/
“More than one Chrysler senior creditor has corroborated Thomas Laurias allegation that the Obama administration threatened them with public attacks if they didnt surrender their contractual rights.”
“The sources, who represent creditors to Chrysler, say were taken aback by the hardball tactics that the Obama administration employed to cajole them into acquiescing to plans to restructure Chrysler. One person said described the administration as the most shocking end justifies the means group they have ever encountered. ”
“One participant in negotiations said that the administrations tactic was to present what one described as a madman theory of the presidency in which the President is someone to be feared because he was willing to do anything to get his way. The person said this threat was taken very seriously by his firm.”
http://hotair.com/archives/2009/05/05/lauria-allegations-of-threats-corroborated/
“Represented by lawyer Gerard Uzzi of the firm White & Case, the group said its members may be subjected to threats and intimidation in part because of comments made by President Barack Obama, who chastised the opponents of an attempted deal to keep Chrysler out of bankruptcy.”
Theyve been getting threats from Americas Obama cultists ever since The One waved his rhetorical pitchfork at them.
The president publicly chastised these secured creditors for having the temerity to enforce their constitutional rights in this court of law, branding them as speculators, making clear that I dont stand with them.”
http://hotair.com/archives/2009/05/05/you-dont-say-chrysler-lenders-ask-judge-for-anonymity-to-avoid-threats/
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This entry was posted on Saturday, June 13th, 2009 at 3:38 am and is filed under bankruptcy laws. Follow the comments through the RSS 2.0 feed. You can post a comment, or leave a trackback.
Hey Bi-Racial …
Hey Bi-Racial President Con-Squat let us see your:
PASSPORT
THESIS
COLLEGE FINANCIAL AID
LEGAL NAME CHANGE FORMS
ADOPTION FORMS
COLLEGE ENTRANCE PAPERS
LAW LICENSE SUSPENSION FROM THE BAR
GRANDMOTHERS CAUSE OF DEATH
BIRTH CERTIFICATE
June 13th, 2009 at 3:38 am
I’ve grown to hate …
I’ve grown to hate almost every move Obama is making, though. I know about the scandal about him not being born on our soil. I can’t believe he hasn’t just presented his birth certificate. I’ve never heard of that act before.
June 13th, 2009 at 3:38 am
Hmmmm. I’m going to …
Hmmmm. I’m going to look into that.
June 13th, 2009 at 3:38 am
You cannot have a …
You cannot have a unanimous decision, if one person objects. All that was needed was one person to raise an objection, and this would have forced Congress to open an investigation into Obama’s ellgilibility. Ron Paul was fully aware of this, as well as every other member of Congress. You cannot be a natural born citizen, if your father is the subject of a foreign power. Obama even admits that his citizenship was governed by the British Nationality Act of 1948. This is common knowledge.
June 13th, 2009 at 3:38 am
What issue was this …
What issue was this on? If there is a unanimous decision what good does one nay serve? He acts on important issues all the time. I just say him in the house making some good arguments on the 15th. I’d like to know what you’re talking about.
June 13th, 2009 at 3:38 am
Ron Paul, who …
Ron Paul, who constainly quotes the Constitution, was asked to raise an objection during the joint session of Congress, when the electorial votes were counted, and he refused. His reason? He might have been laughed at. Good intentions are meaningless, if one does not act.
June 13th, 2009 at 3:38 am
Ron Paul! The man …
Ron Paul! The man has good intentions.
June 13th, 2009 at 3:38 am
Your right. …
Your right. Despite the way they are commonly portrayed in the mainstream media, various races and ethnicities are not monolithic. Millions are gravely concerned by the unconstitutional federal government’s usurpation of the private sector, aka socialism. Race is irrelevant, what matters is that Americans will not tolerate yet more erosion of their individual liberty. Our Founders called this govt. tyranny and they feared and explicitly warned us about it. Read The 5000 Year Leap by Skousen.
June 13th, 2009 at 3:38 am
That may have been …
That may have been your intent, but, I have personally spoken to some who did, and some who voted for him because they were afraid that McCain was going to tax their medical insurance.
June 13th, 2009 at 3:38 am
I don’t think many, …
I don’t think many, if any voted for Obama out of fear, Bigone5555J. My comment was simply food for thought… A what ‘if’ scenario.
June 13th, 2009 at 3:38 am
Well, I wonder how …
Well, I wonder how many idiots, threw the future of our country away, to avoid a riot.
June 13th, 2009 at 3:38 am
There would be …
There would be riots of course.
That same thought ran through my mind the night of the election.
WHY would Obama hold a MULTI-MILLION dollar public celebration with police protection, porta-potties, etc????
WHAT if Obama DIDN’T WIN.
My husband and I feared a riot.
If Obama wasn’t so sure he had it in the bag, that proved it.
June 13th, 2009 at 3:38 am
Yes, well I can’t …
Yes, well I can’t think of one person I would vote for presently. Who has taken a stand with us?
June 13th, 2009 at 3:38 am
Many of them would …
Many of them would be glad too.
June 13th, 2009 at 3:38 am
One would wonder …
One would wonder the reactions of the African American citizens if an impeachment of Obama were to take place.
June 13th, 2009 at 3:38 am
Love the strong-arm …
Love the strong-arm tactics of King Zero’s merry band of thieves. They can threaten and bully anyone, ANYONE they want to. They can fire executives, punitively levy taxes ex post facto on bonuses guaranteed by contract, and now this crap.
NOBODY is safe. =’[.]‘=
June 13th, 2009 at 3:38 am
Obama takes over …
Obama takes over GM-Anyone remember the last AUTO a government had anything to do with??? Answer, THE YUGO We all remember the SUCCESS that venture was Favorite joke at the time Do you know why the YUGO comes standard with REAR WINDOW DEFROSTER??? So your hands wont freeze when you push it
June 13th, 2009 at 3:38 am
just got off the …
just got off the phone with someone who represents the GOP and he told me the party is basically clueless about what’s taking place in Washington and about the American people. I am really worried now. What are we going to do now?
June 13th, 2009 at 3:38 am
This new President …
This new President has already shown himself to be SO inept and SO corrupt it’s gotten BEYOND rediculous!
His cronnies don’t even know what the constitution IS???????
Throw all the BUMS OUT!
IMPEACH!
June 13th, 2009 at 3:38 am
How Many Armed …
How Many Armed Patriots In Washington D.C. Will It Take To Force This Government To Surrender To The People Of The United States? It’s WE THE PEOPLE not WE THE GOVERNMENT!!
June 13th, 2009 at 3:38 am
One of these days.. …
One of these days………Obama is gonna come up against someone……….who isn’t gonna put up with his !
June 13th, 2009 at 3:38 am
I am not suggesting …
I am not suggesting violence, however, we have a corrupt bunch of thugs in Congress, Senate and the White House. I believe that it is well within our rights to overthrow the present government..
June 13th, 2009 at 3:38 am