Posted on 06/07/2009 11:20:33 AM PDT by grundle
Is that true? Can a judge "act on her own," without referring the issue to the full court?The emergency legal request . . . goes before Justice Ruth Bader Ginsburg . . . [who] can act on her own or refer the matter to the full court, when a vote from five of the nine Supreme Court members would be needed to put the Chrysler sale on hold.
I take that to mean that Justice Ginsburg can grant an indefinite stay so that the pension funds have the opportunity to be heard by the full court. Or, she can refer the question of granting a stay to the full court.
I think it's great that the pension funds are fighting back here, but I still shake my head over the initial investment in Chrysler bonds in mid-2008.
Apparently so.
“but I still shake my head over the initial investment in Chrysler bonds in mid-2008. “
something which is not disclosed is whether they had swaps (credit default swaps) on the bonds.
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