Perella Weinberg “directly threatened” by Obama.
Here’s a partial transcript of Tom Lauria’s remarks on the Frank Beckmann radio show. Lauria is bankruptcy attorney at White & Case, and is representing a group of investers who are refusing to go along with Obama’s bankruptcy plan for Chrysler.
Tom Lauria [1:34]:
Let me just that it is no fun standing on this side of the fence opposing the president of the United States. In fact, let me just say, you know, people have asked me who I represent. And that’s a moving target. I can tell you for sure that I represent one less investor today that I represented yesterday One of my clients was directly threatened by the white house and in essence compelled to withdraw its opposition to the deal under threat that the full force of the white house press corps would destroy its reputation if it continued to fight. That’s how hard it is to stand on this side of the fence.
Beckmann [2:20]
Was that Perella Weinberg?
Tom Lauria [2:24]:
That was Perella Weinberg. …