Stay Issued in Chrysler Sale; High Court to Hear Case

Fox News ^ | June8, 2009 | Kathryn Glass

[libstripper]

U.S. Supreme Court Justice Ruth Bader Ginsburg issued a stay in the Chrysler hearing, delaying its proposed sale to Fiat.

The Supreme Court extended the current stay on the sale to here arguments against the merger, at the behest of groups that comprise Chrysler’s senior secured lenders. The primary opponents of the deal include three Indiana employee pension funds, the widow of a Chrysler employee and several consumer advocacy organizations who filed emergency applications to the Supreme Court Saturday.

[libstripper]

WONDER, JOY AND GLORY!!!!!

[Glenn]

I wouldn’t be surprised to see Fiat walk on this news.

[RSmithOpt]

Cool....glad to hear that there’s some sanity left in this nation!!

[Principled]

Good! My Grandma in indiana is happy.

[Eric in the Ozarks]

Good !

[razorback-bert]

Good news!!!!!!!!!!!!!!!!!

[TonyInOhio]

A roadblock to the Socialist takeover, or a road bump?

Let's hope it is the former.

[Oldeconomybuyer]

on the sale to here arguments against the merger...

English is doomed.

[Scotswife]

Ruthy did this huh?

Wow.

[earlJam]

[SecondAmendment]

TARP is going the way of the WPA :)

[Man50D]

BO will be making phone calls.

[KarlInOhio]

From another thread ( Obama claims TARP issue is out of Supreme Court's authority ) SCOTUS blog reporting that according to a response filed by the Solicitor General Elena Kagan on behalf of the United States of America, no court, not even the Supreme Court, has an authority to rule on the applicability of the TARP funds, previously designated exclusively for financial company bail outs, for the Chrysler case.

Don't rattle an animal's cage before you check the lock and don't try to tell the Supreme Court that it doesn't have jurisdiction on the day you want them to pass on a case. I wouldn't be surprised if they took the case just to be able to say that they do have authority to rule on it.

[dogcaller]

President Soetero may want to send some of his Philly Black Panther enforcers down to SCOTUS to keep the Justices on the straight and narrow.

[MattinNJ]

Excellent point. Which is worse, TARP or an overreaching SCOTUS.

Sigh. How did it come to this?

[Scotswife]

you’re not kiddin’!

Maybe Rahm needs to send some “refreshments” over there.

[CA Conservative]

The author of the piece made at least one little mistake. It only takes 4 justices to vote to hear a case, not 5. Let’s see, Scalia, Roberts, Thomas, Alito, Kennedy - think we can get 4 votes out of that group?

[Fred911]

I could give a Sh1t less about FIAT and UAW....this is a lousy deal for US TAX PAYERS....period. We have laws in this country....regardless of who is in office!

[Centurion2000]

Well thank God for separation of powers. My God I thought they were going to ignore this.

[Oldeconomybuyer]

I’m not a lawyer, but I think Indiana’s claim isn’t about TARP funding it’s about the Obama administration stripping the contractual rights of preferred bondholders.

[willgolfforfood]

Lighten up, Francis. It's just a spelling glitch.

The SOUND of the word is perfect.

Shame on English for having so many of these built in potentials for screw-ups, anyway.

If you haven't guessed, English is NOT my primary language. That would be Texan, good buddy.

[Ole Okie]

TARP is going the way of the WPA :)

The WPA was a lot more useful than TARP. We could at least walk on the sidewalks they built all over my home town.

And they were good for shovel sales. Particularly long handled shovels that would hold a man up as he leaned on it.

[Republican Red]

Maybe they didn't wake her up to actually hear what she ruled on

[Oldeconomybuyer]

Lighten up, Francis.

Nice movie reference, butt your knot a 'journalist'.

[Scotswife]

LOL!
Post ‘o the day right there.

[Ole Okie]

Which is worse, TARP or an overreaching SCOTUS.

Neither. Worse is an unchecked Zerobama, The One.

[Freee-dame]

no court, not even the Supreme Court, has an authority to rule on the applicability of the TARP funds, previously designated exclusively for financial company bail outs, for the Chrysler case.

I thought that the Constitution had all matters of funding originating in the House of Representatives. When did this change to Santa in the White House?

[Petronski]

Schadenfreude!

[willgolfforfood]

LOL... what you said.

[Petronski]

That's right!

Schechter Poultry meet State of Indiana...

[itsahoot]

Particularly long handled shovels that would hold a man up as he leaned on it.

One of my older cousins kept going out to work on a job, but each day they turned him down, so one day he picked up a shovel, and went to work on his own. End of the day he got paid.

The great Grand River Dam, once the longest multiple arch damn(Included for grammar freaks) in the world, was built by WPA.

[Ole Okie]

The great Grand River Dam, once the longest multiple arch damn(Included for grammar freaks) in the world, was built by WPA.

Yeah, the WPA did a lot of useful work.

And that included building new outhouses in some of the smaller towns around Oklahoma.

And (ssssh!) they built the "Holy City of the Wichitas" near Lawton, still used each year for an Easter Pageant.

[Mr. Lucky]

Yes, but that could just be the corn liquor.

[LegendHasIt]

Interesting that it would be Ginsberg that issued the stay.

Given her record, it must mean that they don’t think that the UAW gets enough out of the deal.

[itsahoot]

And that included building new outhouses in some of the smaller towns around Oklahoma.

Wow we had to dig our own. Had a two holer, my best friend had a family of 13 kids, they had a four holer.

Schools also had outhouses since we barely had running water let alone a sewer system. Those were the days.