Bloomberg has an update out on the ongoing Hartmarx fight. From their article:
Wells Fargo, which received $25 billion in federal assistance from the government's Troubled Asset Relief Program, has been under pressure from lawmakers and unions not to close the clothing company.
"We went out of our way to help you when you needed us," [Rep. Phil] Hare said he told company officials in a conference call yesterday. "I'm asking them to do the right thing." [...]
Hare said he would like to have a sale of the company arranged in the next couple of weeks and that he also is contacting White House Chief of Staff Rahm Emanuel to enlist the help of another one of Hartmarx's customers.
"I think the president needs to weigh in on this," Hare said.
Bloomberg also reports that Hare said "more than 30 members of Congress ... will join him in asking [Treasury Secretary Tim] Geithner to pressure Wells Fargo to entertain bids for the bankrupt company instead of closing it down." Rep. Jan Schakowsky said yesterday that the letter is still being drafted and that they're expecting to release a copy of it next week.
Comments
Anonymous (not verified) on Fri, 05/15/2009 - 16:20
Off the subject, but Mark Kirk's website now announces that he is "recently divorced."
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