Obama 'Car Czar' Defends Auto Bailout In Dealers' $1B Suit
Law360 (April 16, 2019, 7:20 PM EDT) -- Chrysler made its own decision to declare bankruptcy and accept a multibillion-dollar federal bailout in 2009, so the government can't be blamed for the booting of hundreds of auto dealers from the carmaker's network in the overhaul, the Obama administration's "car czar" told the U.S. Court of Federal Claims on Tuesday.
Former "car czar" Steven Rattner was a key government witness Tuesday in a $1 billion suit by ex-Chrysler dealers. (AP) In his testimony, Steven Rattner, the former Treasury Department adviser during the economic crisis who managed the car industry rescue, defended the administration's handling of events in early 2009 as...
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