How Obamas Car Czar Steve Rattner Is Bankrupting GM Posted By: Susoni Date: Wednesday, 16-Sep-2009 03:17:27 In Response To: Decisions to close Chrysler Dealers-Who made them and why?
In-depth answers (RumorMail) How Obama’s ‘Car Czar’ Steve Rattner Is Bankrupting GM Much more on link: How Obama’s ‘Car Czar’ Steve Rattner Is Bankrupting GM By Greg Palast, GregPalast.com 4/6/09 Jun 4, 2009 – 10:38:39 AM Screw the autoworkers. They may be crying about General Motors’ bankruptcy today. But dumping 40,000 of the last 60,000 union jobs into a mass grave won’t spoil Jamie Dimon’s day. Dimon is the CEO of JP Morgan Chase bank. While GM workers are losing their retirement health benefits, their jobs, their life savings; while shareholders are getting zilch and many creditors getting hosed, a few privileged GM lenders – led by Morgan and Citibank – expect to get back 100% of their loans to GM, a stunning $6 billion. The way these banks are getting their $6 billion bonanza is stone cold illegal. I smell a rat. Stevie the Rat, to be precise. Steven Rattner, Barack Obama’s ‘Car Czar’ – the man who essentially ordered GM into bankruptcy this morning. When a company goes bankrupt
