Roenblog

Below are links that a friend sent me.  While I’m not familiar with either  “Zero Hedge” or  “FineMrespice” the tale told here is amazing.  The story is about the head of White & Case’s restructuring group alleging that the Obama administration directly threatened an investor (Read Perella Weinberg?) to force them to drop their fight in the Chrysler bankruptcy.  
Alleged quote from our “Car Czar” to Perella Weinberg

Who the fuck do you think you’re dealing with? We’ll have the IRS audit your fund. Every one of your employees. Your investors. Then we will have the Securities and Exchange Commission rip through your books looking for anything and everything.

Faced with these threats the investor backed down taking a settlement much less appealing that what could have possibly been attained through bankruptcy.  A government official is dictating terms of how to operate private companies.  They are forcing investors to make decisions that do not match with their fiduciary duties to investors.    I encourage all of you to please read the following links and make your own decisions on the validity of the claims.  

• http://www.finemrespice.com/node/56
• http://zerohedge.blogspot.com/2009/05/white-house-threatened-to-destroy.html
• http://zerohedge.blogspot.com/2009/05/white-house-claims-head-of-white-case.html
• http://blogs.abcnews.com/politicalpunch/2009/05/bankruptcy-atto.html