The Lenders Obama decided to blame in Chrysler's fall from the New York Times reports on those Obama chose to excoriate in his speech detailing Chrysler's bankruptcy - among them Peter Weinberg and Joseph Parella, two white shoe investors.
Chrysler's speedy bankruptcy case gets started
In a rare flash of anger, the president scolded the group Thursday as Chrysler, its options exhausted, filed for bankruptcy protection. “I don’t stand with those who held out when everyone else is making sacrifices,” Mr. Obama said.
Chastened, and under intense pressure from the White House, the investment firm run by Mr. Weinberg and Mr. Perella, Perella Weinberg Partners, abruptly reversed course. In a terse statement issued shortly before 6 p.m. Thursday, Perella Weinberg Partners announced it would accept the government’s terms.
It was too late.
Obama on the Chrysler bankruptcy:
Did you see this?
Unreal!
http://www.businessopportunitystartup.com/blog/establishment-media-is-ignoring-white-house-threats-to-chryslers-non-tarp-lenders-wjr-interview-transcript/
Posted by: cbiggie | May 01, 2009 at 04:49 PM