Bankruptcies Leave GM, Chrysler Defect Victims in the Dust
General Motors and Chrysler Are Rebuilding but Those With Injury, Death Claims May Not Get Their Day in Court
By ALICE GOMSTYN
ABC NEWS Business Unit
July 8, 2009
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Asked about consumers’ pending claims against GM and Chrysler, the Obama administration, which has worked closely with the companies on their reorganization plans, reiterated its support for both automakers.
“This was a commercial decision by the company, which we are confident will not interfere with the future viability of GM. While the U.S. Treasury was engaged in this process, GM was responsible for determining the best approach going forward,” an administration official said.
Chrysler’s decisions, meanwhile, were “consistent with conventional bankruptcy practice,” according to the official.
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I thought the Democrats were the party of the working man.
The White House was up to its elbows in this deal which was a payoff to the UAW and seizing the wealth of honest people.
(The majority of the bondholders were banks who received TARP money. Of course, they voted like the whores to the Government they are. I’d be very circumspect about any bond or any claim made by a politician!)
Screw these little people.
Maybe ABC should ask Obama these questions in his next staged press conference that they get to play act in.
(The mainstream media is just as big a whore for the gooferment as the banks.)
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