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May 05, 2009

Chrysler Lenders Seek Secrecy, Citing Death Threats

Obama will sic the White House Press Corps on them. And then if something bad should happen... well, you bought your ticket, enjoy the ride.

A group of lenders to troubled automaker Chrysler asked a bankruptcy court judge Tuesday to keep their identities secret, saying they could face "public attack" and "threats to their safety."

The petition was filed by the group that objected to a government plan to reduce the ailing company's debt to help create a partnership with Italy's Fiat.
The group is identified only as the "Chrysler Non-TARP Lenders," because the members have not received aid under the government's Troubled Asset Relief Program, a 700-billion-dollar program to stabilize the financial system.

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.

"Never before has the president of the United States announced a chapter 11 filing in a national address," the petition said.

"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 don't stand with them.'"

Ridiculous, and an obvious stunt to garner sympathy. After all, the people who'd really object to their refusal to give their money to the UAW are of course union thugs, and union thugs never have intimidated or harmed anyone. In all of human history.

Google it.

Judge Denies Motion: Gee, nice life you have here. Would be a shame if something were to 'appen to it.

Thanks to Muffy.

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posted by Ace at 03:33 PM

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