Tuesday, December 08, 2009
SAYING IT AS IT IS WITHOUT POLITICAL CORRECTNESS! PLUS.....read text below video
Two lawyers have joined forces to assemble a case challenging in U.S. bankruptcy court the federal government's use of Troubled Asset Relief Program funds to bail out Chrysler and in doing so may have created a scenario that finally will bring to a head the issue of Barack Obama's eligibility to be president.
The attorneys are Leo Donofrio, who has launched cases directly challenging Obama's eligibility, and Stephen Pidgeon, who also has worked on the issue.
Their new case questions the authority by which the federal government and administration officials intervened in the auto industry, specifically allocating some $8 billion-plus to Chrysler, which later was forgiven.
Pidgeon told WND the clients in the case are former Chrysler dealers who lost their businesses as part of the "restructuring" of the automobile company. They have been damaged with the loss of their businesses, and the case alleges the Obama administration, through its use of TARP money, influenced Chrysler's outcome.
Donofrio told WND the core issue is the disbursement of TARP funds to the auto maker that were intended to help banks and financial institutions . The previous Treasury secretary had indicated such expenditures were not appropriate, and, in fact, a congressional effort to authorize the expenditures failed, he said.
So, along with a bankruptcy court challenge, a "quo warranto" case is being filed in Washington, D.C., demanding to know by what authority administration officials set up the financial arrangements with Chrysler and handed out taxpayer money.