Abcnews: White House Denies Charge By Attorney that Administration Threatened to Destroy Investment Firm's Reputation

Whitehouse Says The Story Was False

What do you expect this Whitehouse to say, "yeah, we threatened him"

blogs.abcnews.com Jake Tapper:
A leading bankruptcy attorney representing hedge funds and money managers told ABC News Saturday that Steve Rattner, the leader of the Obama administration’s Auto Industry Task Force, threatened one of the firms, an investment bank, that if it continued to oppose the administration’s Chrysler bankruptcy plan, the White House would use the White House press corps to destroy its reputation.
Thomas Lauria, Global Practice Head of the Financial Restructuring and Insolvency Group at White & Case, told ABC News that Rattner suggested to an official of the boutique investment bank Perella Weinberg Partners that officials of the Obama White House would embarrass the firm for opposing the Obama administration plan, which President Obama announced Thursday, and which requires creditors to accept roughly 29 cents on the dollar for an estimated $6.8 billion owed by Chrysler.
Lauria first told the story, without naming Rattner, to Frank Beckmann on Detroit’s WJR-AM radio. The White House now denies the allegations, claiming that there’s no evidence of it, “The charge is completely untrue,” said White House deputy press secretary Bill Burton, “and there’s obviously no evidence to suggest that this happened in any way.”
How much does the President care about the auto industry? Here's
Obama making a joke about putting money into the industry with
60 Minutes Steve Kroft, truly disgraceful...