Lawyer for Chrysler bond holders backs off … sort of.

Judge for yourself. This is from Neil Cavuto’s interview last night with Tom Lauria, lawyer for some of the bond holders who decided to reject Obama’s deal offering them 29 cents on the dollar for their debt. The debt holders wanted 50 cents.

Obama called them greedy and falsely claimed they were not willing to sacrifice.  If only it had stopped here.

Lauria two days ago told a Detroit radio station that his people were being threatened with ruin by Mainstream Media if he did not capitulate. Death threats followed from the “common folk”. Last night, Lauria backed off … as I said sort of. Cavuto reran the interview a few minutes ago.


He’s being careful. But Hot Air is reporting that Lauria’s allegations are being corroborated by others.

Creditors to Chrysler describe negotiations with the company and the Obama administration as “a farce,” saying the administration was bent on forcing their hands using hardball tactics and threats.

Lauria responded to the death threats as well.


I am not sure his no comment constitute a denial. Sounds more lawyerly to me. And its hard not to give what he said initially some credence when the President sounds like this.


Decide for yourself, as for me, based on the body of evidence … or course they put the arm on the bond holders. It’s how they operate behind closed doors. Still waiting for the lefties who hated Bush’s stubbornness to jump on this one. 

8 replies
  1. Dimsdale
    Dimsdale says:

    A thugocracy, pure and simple.  Agitprop, followed by strongarm techniques and what appears to be a giant protection racket, much as Social Security is a giant Ponzi scheme.  And the media's complicity is just a giant "don't snitch" campaign.

    Once a thug, er, I mean "community organizer," always a "community organizer."

  2. Dimsdale
    Dimsdale says:

    How much would you like to bet that Lauria's clients feel like that guy sitting on the toilet in front of the Tyrannosaurus rex in "Jurassic Park?"

    Can we call the Obama administration "Tyrannosaurus wrecks?"

  3. phil
    phil says:

    Gillie28, don't you mean Chicago political tactics sunk to a lower level?  Just wait for the cement boots!

  4. Anne-EH
    Anne-EH says:

    Waiting for the libs who bashed for former President Bush to respond to all this threatening, expect crickets to chirp first.

  5. mccall
    mccall says:

    The society is facing problems with such laws. This has to go legal and it’s needed to be sorted at the earliest.

    • Steve McGough
      Steve McGough says:

      @mccall: If you continue to copy and paste from a MS Word document with multiple links to sources to find a lawyer, you'll be cut right out of here and pasted on the sidewalk. If you tried to make a good point and I missed it, please do try again.

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