And this is the kind of people handling the automotive restructuring?

The important part comes at the end: an email exchange between Matthew Feldman, attorney on the President’s Auto Task Force, and Robert Manzo, Chrysler restructuring expert. Manzo is basically pleading to further negotiate to prevent bankruptcy, but Feldman is having none of it. Here is the exchange:

Robert Manzo, Chrysler restructuring expert: “I hope you think it’s worth giving this one more shot.”

Matthew Feldman, attorney on the President’s Auto Task Force: “I’m now not talking to you. You went where you shouldn’t.”

Manzo: “Sorry. I didnt’ mean to say the wrong thing and I obviously did. I was trying oto make sure that if we had to contribute to the solution you knew we had some room. Sorry I did not realize the mistake!!”

Feldman: “It’s over. The President doesn’t negotiate second rounds. We’ve given and lent billions of dollars so your team could manage this properly….And now you’re telling me to bend over to a terrorist like Lauria? That’s B.S.”


"Laura" being the attorney representing a teachers fund in Indiana and some of the other bondholders...

YouTube - Well, There Is One Terrorist Obama Won't Bend Over For