Is there a reason why anyone should even care if they did? If anything, assuming the White House did it shows that Obama does know how to play hardball. Somehow it's difficult to see Americans being upset with the White House taking a hard line against the big money folks during a serious discussion that could greatly impact the rest of the country. It's long been a concern that Obama is too nice so I only hope that this hard approach continues as the former Wall Street giants come begging for more cash. DealBook in the NY Times:
Recent comments by a lawyer representing Chrysler’s dissident debtholders alleging that Steven Rattner, the White House’s auto task force chief, “directly threatened” to wreck the reputation of the investment firm Perella Weinberg Partners if it continued to oppose the Obama administration’s reorganization plan have been picking up steam in the blogosphere.
After President Obama announced Thursday that Chrysler would file for bankruptcy, Perella Weinberg said it would support the government’s settlement with the carmaker’s secured lenders.
