Attorney Says Snow-white Residence Threatened to Demolish Reputations of Investors Who Didn’t Concur to Chrysler Bailout
The whole Chrysler situation is getting stickier by the day. Now a bankruptcy lawyer who represents some of the investment firms that didn't agree to the bailout plan says that Steven Rattner, head of the Presidential Task Force on Autos, told him that the full force of the White House would be used against those who didn't agree to the bailout.
Thomas Lauria, Global Practice Head of the Financial Restructuring and Insolvency Group at White & Case, first told the story to Detroit radio station WJR-AM. At the time, he didn't single out Rattner by name, but in a subsequent interview with ABC News he revealed additional details.
A White House press secretary denied the accusation.
ABC News: White House Denies Charge By Attorney
WJR-AM: Frank Beckmann Show
