Tapper reported: “Thomas Lauria, Global Practice Head of the Financial Restructuring and Insolvency Group at White & Case, told ABC News that Rattner suggested to an official of the boutique investment bank Perella Weinberg Partners that officials of the Obama White House would embarrass the firm for opposing the Obama administration plan, which President Obama announced Thursday, and which requires creditors to accept roughly 29 cents on the dollar for an estimated $6.8 billion owed by Chrysler.”
In short, Obama wants companies to eat nearly $5 billion so that he can give away Chrysler to protect union jobs.
The unions that backed him. This is their payoff.
If true, this is the biggest corruption scam in American history.
But like Obama’s $750 million campaign jackpot, this alleged pay-to-play scam will not be investigated by the authorities, Congress or the press.
Maybe Tapper will stay on it, if Walt Disney-ABC lets him stay on the story.