Free Republic

NEW YORK (Reuters) - A fund-raiser for Barack Obama, Hillary Clinton and other Democrats who was charged last month with defrauding Citigroup Inc is being sued by HSBC for deceiving it into lending him $100 million. The lawsuit filed in New York State Supreme Court in early September accused private equity firm head Hassan Nemazee, 59, of engaging in an elaborate scheme to make HSBC Bank USA believe that its loan was secured by collateral in the form of U.S. Treasury Notes when it was not.

General Motors Corp. is expected to name turnaround executive Al Koch as its new chief restructuring officer to guide the auto maker's trip through Chapter 11 bankruptcy protection, according to people familiar with the matter. Mr. Koch, a managing director at the advisory firm AlixPartners LLP, will be named to the post when GM files its bankruptcy papers at 8 a.m. Monday at the U.S. Bankruptcy Court in New York's Southern District, these people said. He will be the highest-ranking outsider in GM's officer ranks and oversee about 60 Alix employees working for the auto maker.

Are we looking at the biggest political scandal since Watergate? Big Dem Donor Group allowed to keep all 6 Chrysler dealerships open.... Local competitors eliminated by Obama's task force!! Earlier it was reported that the Obama Administration may have targeted GOP donors in deciding which Chrysler dealerships would have to close their doors. Now there's this... RLJ-McLarty-Landers is owned by three men. One was the former Chief of Staff for President Clinton. One is the founder of Black Entertainment Television and a huge Obama supporter. All 6 of their Chrysler dealerships will remain open. And, get this... Their local competitors...