Chrysler deal violates 5th Amendment.
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 threateni…

Has Obama been a good President for Christians? Should Christians have voted for him? How well has he done at fulfilling his campaign promises to pro-life and pro-marriage social conservatives?
Watch this 7-minute video and see for yourself how prudent…

Sample comment:

Many of the Chrysler bondholders are investing on behalf of others (e.g., individuals and pension funds) and have a fiduciary obligation to those investors to maximize the value of their holdings. If they accept a settlement that is far less than fair value, they are breaching their fiduciary duty and ought to be subject to lawsuits.

Think of it as an added incentive for bondholders to not roll over.

Let’s not forget Chicago. rezco is singing about obama to the investigation. Blagojevech tols us how they think and speak. Obama has rahm, Jarrett and others that passed ‘tween Blago, Daley and the same chicago thugs. As we speak, the investigort in chicago has tapes that would indict obama. Others do also. This physical intimidation is dangerous. In chicago when obama ran for office, he eliminated his competition. scorched earth policy.
2 gays that were friends of Obama were killed at obama’s church. The lad that investigated his passports is dead.

I’ll post a few of the multitude of links enumerating the heavy-handed, and indeed hard-headed tactics the Obama administration is using to try to prop up certain industries and, at least according to the talking points, spur investements and re-invig…

Challenges to TARP, which gives vague powers to the executive branch, may unfold soon. If banks are nationalized, shareholders may assert they have been unfairly deprived of the value of their investments. [...]

As law professor Jeffrey Rosen points out, of 14 antitrust cases heard by the court over the past two terms, business won every time. Conservatives increasingly cite the limits of the Constitution’s “commerce clause,” or states rights, to blunt federal action.

out of court settlement is not a bad thing, but what we don’t want is one that “gags” the parties where the truth doesn’t come out.

kelley in virginia on May 5, 2009 at 8:04 AM

A friend of the court should file a freedom of information thingy to go along with the case.

A President strong arming private citizens should not be covered up.

Lauria siad he couldn’t comment on the lies of Obama but siad creditors had recieved death threats. HMMMM sounds suspiciously familiar……oh yeah, NAZI Germany, in 1935.
nelsonknows on May 5, 2009 at 9:51 AM

More like suburban Connecticut.

I can’t comment. But if people keep pursuing this, which I hope they will, the truth will eventually come out.

Earlier in the interview he said (again, I paraphrase):

We were asked to submit a proposal to the “task force” which we did. Weeks went by and we got received no response. We began to see wire stories about the deal, but they wouldn’t communicate with us. We got a Congressman involved. No response. Finally we received an email that said:

We don’t negotiate with anyone who is not an official representative and we won’t talk to you.