From Hot Air: Obama auto team called Chrysler shareholder lawyer a “terrorist” (video)

President Obama's flaunting of established bankruptcy law is a shameful. There will be long lasting repercussions for business financing. Who will loan a unionized company that doesn't have a stellar credit rating money now? No one will. Creditors will know they will have to go to the back of the line behind unions if the company is forced to file bankruptcy. This lack of financing will push more companies into bankruptcy or force the government to bail them out with our tax dollars. That may be Obama's ultimate goal. When companies are forced to look to the Obama administration for financing, they are effectively under Obama's control.

Hot Air blog reported:

When we last left the negotiations between Chrysler’s senior bondholders and Barack Obama’s auto task force, Thomas Lauria and his clients alleged that the government used intimidation tactics and threatened to sic the White House press corps on individuals if they didn’t give up their rights to allow the unions to win in the bankruptcy. Congress took an interest in this”madman” theory of the Presidency and got access to some e-mails floating between the task force and an analyst. Rep, Steven LaTourette (R-OH) reads from the e-mails, in which the auto task force calls Lauria — their attorney — a “terrorist” and refuses to negotiate after a Chrylser expert consulted him:

Well, There Is One Terrorist Obama Won't Bend Over For (video)