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Supreme Court clears way for sale of CHRYSLER...( Rule of Law ABOLISHED!?)
http://www.drudgereport.com/ ^ | june 9 2009 | drudge

Posted on 06/09/2009 4:28:47 PM PDT by Para-Ord.45

Edited on 06/09/2009 4:38:36 PM PDT by Admin Moderator. [history]

High court won't block Chrysler sale

WASHINGTON (AP) - The Supreme Court has cleared the way for Chrysler's sale to Fiat, turning down a last-ditch bid by opponents of the deal.

The court said late Tuesday it had rejected a plea to block the sale of most of Chrysler's assets to the Italian automaker. Chrysler, Fiat and the Obama administration had warned that the high court's intervention could have scuttled the sale.

A federal appeals court in New York had earlier approved the sale, but gave opponents until Monday afternoon to try to get the Supreme Court to intervene.

Justice Ruth Bader Ginsburg ordered a temporary delay just before a 4 p.m. deadline on Monday.

Excerpt.


TOPICS: Breaking News; Business/Economy; Constitution/Conservatism; Government; News/Current Events; US: Indiana; US: Michigan
KEYWORDS: automakers; bailoutnation; chrysler; indiana; killchryslerlist; michigan; pensionfunds; ruling; scotus
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1 posted on 06/09/2009 4:28:48 PM PDT by Para-Ord.45
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To: Para-Ord.45

All three branches of government essentially say screw the Constitution.


2 posted on 06/09/2009 4:30:06 PM PDT by Man50D (Fair Tax, you earn it, you keep it!)
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To: Man50D

WTF?

I thought there was established Constitutional law on the issue:

Bondholders Committee v. Commissioner, 315 U.S. 189 (1942)


3 posted on 06/09/2009 4:30:56 PM PDT by Para-Ord.45
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To: Para-Ord.45

It’s tar and feathers time WTF


4 posted on 06/09/2009 4:31:07 PM PDT by AirForceMom (Locked and loaded, and sharpening wooden stakes.)
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To: Man50D

Well, there goes the republic. Done. Finis. Stick a fork in it.

We now live in a fascist dictatorship.


5 posted on 06/09/2009 4:31:29 PM PDT by patton (Obama has replaced "Res Publica" with "Quod licet Jovi non licet bovi.")
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To: Para-Ord.45

Buy bonds!


6 posted on 06/09/2009 4:31:36 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Para-Ord.45

In summation: Supremes and Obama: Auto workers - we love you. Teachers and cops - you suck.


7 posted on 06/09/2009 4:31:48 PM PDT by Enterprise (When they come for your guns and ammo, give them the ammo first.)
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To: Para-Ord.45

I’d expect a huge selloff in the US Markets tomorrow. Huge.


8 posted on 06/09/2009 4:32:23 PM PDT by NoobRep
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To: Para-Ord.45

We are now a nation ruled by men . . . no longer by the rule of law.

May God help us.


9 posted on 06/09/2009 4:32:59 PM PDT by Right_in_Virginia
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To: Para-Ord.45

Constitutional Law is fluid.


10 posted on 06/09/2009 4:33:18 PM PDT by El Sordo
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To: Para-Ord.45

It was all nine members voting not to give certiori (or at least 6 of them).


11 posted on 06/09/2009 4:33:28 PM PDT by Lucius Cornelius Sulla ("men of intemperate minds cannot be free. Their passions forge their fetters." -- Edmund Burke)
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To: Para-Ord.45

http://www.breitbart.com/article.php?id=D98NEVL80&show_article=1


12 posted on 06/09/2009 4:33:30 PM PDT by Las Vegas Ron (zer0 is doing to capitalism what Kennedy did to health care)
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Comment #13 Removed by Moderator

To: Enterprise
This will split the AFL-CIO ~ and leave the UAW hanging out to dry all by itself.

The beneficiaries of those bonds at stake were NEA members!

14 posted on 06/09/2009 4:34:02 PM PDT by muawiyah
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To: Para-Ord.45

Posted just behind you — had my thread pulled.


15 posted on 06/09/2009 4:34:13 PM PDT by CedarDave (Obama's EPA wants to get rid of cows: They emit CO2 from the front end and CH4 from the rear.)
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To: Oldeconomybuyer
Buy bonds!

Right!

ML/NJ

16 posted on 06/09/2009 4:34:27 PM PDT by ml/nj
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To: NoobRep
"I’d expect a huge selloff in the US Markets tomorrow. Huge".

yes, the market will tumble...and it'll continue for awhile. Probably slowly though.

Corporate Bonds? that's a whole nuther story. NOBODY WILL EVER BUY ANOTHER CORPORATE BOND. The US Treasury will be the only entity in the world that will invest in US corporations.

17 posted on 06/09/2009 4:35:24 PM PDT by Mariner
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To: NoobRep
Yeah, right!
18 posted on 06/09/2009 4:35:39 PM PDT by Chgogal (American Mugabe, get your arse out of my bank and get your arse out of my car!)
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To: Right_in_Virginia

Exactly. What law?


19 posted on 06/09/2009 4:36:19 PM PDT by patton (Obama has replaced "Res Publica" with "Quod licet Jovi non licet bovi.")
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To: muawiyah
Exactly - the NEA should be furious. But you never know, they might just shut up and adore Obamster anyway.
20 posted on 06/09/2009 4:36:20 PM PDT by Enterprise (When they come for your guns and ammo, give them the ammo first.)
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To: Man50D

Amerika is now ruled by a federal oligarchy the hallmark of which are czars for specific areas of the economy. The Roberts subpreme court made this possible at last by abrogating the Constitutional contract the fed had with we the people, allowing an affirmative action fraud to ascend the white HOuse without proving his Constitutional eligibility even with suits demanding it from we the people ... we were shown we have no standing before the federal oligarchs and by god Barry the great is going to show us what that means in spades!


21 posted on 06/09/2009 4:36:53 PM PDT by MHGinTN (Believing they cannot be deceived, they cannot be convinced when they are deceived.)
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To: Para-Ord.45

Unbelievable....


22 posted on 06/09/2009 4:37:44 PM PDT by Bryan24 (When in doubt, move to the right..........)
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To: patton
The bankruptcy laws currently on the books.
23 posted on 06/09/2009 4:38:04 PM PDT by Right_in_Virginia
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To: Oldeconomybuyer
Buy bonds!

Let me fix this:

Buy foreign bonds

24 posted on 06/09/2009 4:38:35 PM PDT by NeoCaveman (has created or saved 150,000 posts, sure.)
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To: patton

Contract law and the protection afforded secured credit holders. Need I go further?


25 posted on 06/09/2009 4:38:58 PM PDT by traderrob6
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To: Para-Ord.45

Here’s the 2-page order, PER CURIUM, which means it’s in the name of the entire Court:

http://www.scotusblog.com/wp/wp-content/uploads/2009/06/chrysler-order-6-9-09.pdf


26 posted on 06/09/2009 4:39:08 PM PDT by BCrago66
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To: Mariner
"NOBODY WILL EVER BUY ANOTHER CORPORATE BOND."

The average American can't begin to understand the vitally important role that corporate bonds play in the growth and viability of American companies.

This will have an incredibly negative impact on business in America.

27 posted on 06/09/2009 4:39:11 PM PDT by Big_Monkey
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To: Right_in_Virginia

I guess secured bonds are longer secured at least not when Obama can put unsecured creditors ahead of them.


28 posted on 06/09/2009 4:39:34 PM PDT by NeoCaveman (has created or saved 150,000 posts, sure.)
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To: NeoCaveman

forget that, go back to under the mattress.....


29 posted on 06/09/2009 4:40:13 PM PDT by tioga
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To: Right_in_Virginia

Oh, you mean those dusty old laws that our glorious leader is freee to ignore?

That was under the republic. Under the New Fascist American Soviet, laws only apply to the little people.


30 posted on 06/09/2009 4:40:21 PM PDT by patton (Obama has replaced "Res Publica" with "Quod licet Jovi non licet bovi.")
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To: patton
Well, there goes the republic. Done. Finis. Stick a fork in it.
We now live in a fascist dictatorship.

Yup.

31 posted on 06/09/2009 4:40:24 PM PDT by sionnsar (IranAzadi|5yst3m 0wn3d-it's N0t Y0ur5:SONY|"AlsoSprachTelethustra"-NonValueAdded|Lk21:36|FireTheLiar)
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To: Para-Ord.45

There is no law but the Law of Obama, you will bow down before him and obey. He will rule by decree and will be righteous unto those who have paid tribute unto him. All hail OBAMA.


32 posted on 06/09/2009 4:40:37 PM PDT by centurion316
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To: tioga

and get a BOHAG

(big old hunk a gold)


33 posted on 06/09/2009 4:40:47 PM PDT by NeoCaveman (has created or saved 150,000 posts, sure.)
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To: Para-Ord.45

I wonder how this sets in accord with HR 2347, the Automotive Dealer Economic Rights Restoration Act submitted to committee by many from both party’s just yesterday?

http://www.politico.com/blogs/glennthrush/0609/House_Dems_press_O_to_save_car_dealers.html


34 posted on 06/09/2009 4:40:47 PM PDT by DakotaRed (Don't you wish you had supported a conservative when you had the chance?)
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To: Para-Ord.45
This is theft by the Rule of Law. Investors should vote with their pocket books and move their funds out of the reach of the grasping US government and its brownshirt union cadres.
35 posted on 06/09/2009 4:40:56 PM PDT by Truth29
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To: Big_Monkey

stick a fork in capitalism, it just died.


36 posted on 06/09/2009 4:41:02 PM PDT by tioga
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To: traderrob6

My point was, as of today, those laws are no langer in force - at least for the regime.


37 posted on 06/09/2009 4:41:15 PM PDT by patton (Obama has replaced "Res Publica" with "Quod licet Jovi non licet bovi.")
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To: Chgogal

Yep! It happened November 4, 2008. And ACORN has billions of dollars to ensure that it continues 2010. After 2010 ACORN will receive billions of more dollars to ensure that obams and the Democrats get the most votes in 2012.


38 posted on 06/09/2009 4:41:33 PM PDT by sport
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To: Big_Monkey

I do believe the end justifies the means, as you so circuitously pointed out.

Who stands to gain?


39 posted on 06/09/2009 4:41:35 PM PDT by Sundog (The government is spending two dollars for every one taken in. Why isn't that illegal?)
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To: Para-Ord.45
per the Kudlow report : The full Supreme court decided they litigants didn't reach the legal threshold to be reviewed by the court and therefore block the sale.
40 posted on 06/09/2009 4:41:52 PM PDT by CaptainK (...please make it stop. Shake a can of pennies at it.)
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To: NeoCaveman
I guess secured bonds are longer secured at least not when Obama can put unsecured creditors ahead of them.

Let's be clear: the "unsecured creditors" we're talking about are the major contributors to BO and his brown shirts.

I repeat: May God help us.

41 posted on 06/09/2009 4:43:02 PM PDT by Right_in_Virginia
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To: MHGinTN
"The Roberts subpreme court made this possible..."

An attorney is going to have to explain to me how this stay wasn't upheld. Even if there's pending litigation in the Federal judiciary, it will all be rendered moot as soon as this deal is complete.

You can't un-ring this bell. Once the deal is done, there's no turning back, no matter how unconstitutional this may eventually be found to be.

42 posted on 06/09/2009 4:43:06 PM PDT by Big_Monkey
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To: Para-Ord.45
Over the last 10 years a sizable portion of the constitution has been destroyed by invoking emergency powers in response to threats, both real and perceived. It is clear that the government, under Obama and his sponsors, is fabricating emergencies in order to impose further emergency powers.
43 posted on 06/09/2009 4:43:49 PM PDT by Natural Law
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To: Enterprise

NEA, and most teachers, are hard core socialists. “A pox upon their houses” used to be an old English curse.

But it took American socialists to elect that curse to the White House.

Elect a commie, expect to get socialized. Obama’s performing as advertised.


44 posted on 06/09/2009 4:43:50 PM PDT by GladesGuru (In a society predicated upon freedom, it is essential to examine principles,)
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To: Truth29

This is not the “Rule of Law.” Not by a long shot. It is the death of it, in fact.


45 posted on 06/09/2009 4:43:56 PM PDT by patton (Obama has replaced "Res Publica" with "Quod licet Jovi non licet bovi.")
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To: Big_Monkey

The precedent has now been set by the SCOTUS that contract law can be overriden at any time. Investors will look for other places and vehicles to park their money in.


46 posted on 06/09/2009 4:44:05 PM PDT by NoobRep
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To: Enterprise
re: shut up and adore Obamster anyway

At this point that's what I expect will happen. The corner will be turned, but it will take a bit for them to first of all realize how bad he is for them, and secondly admit they were taken by a shyster and modern-day version of a rainmaker.

On the other hand, once you turn against someone you trusted it's usually a pretty nasty thing.

He has no idea what he's doing. He has this vision of what he thinks America should be, but like most liberals has no understanding of what will happen as it becomes more like his vision. They are flying in the face of so many things that over the course of two plus centuries made America the Nation it had become. They are going to have to relearn, the hard way, all the lessons our Founding Fathers and many generations of leaders learned.

I think right now the best indicator of just how bad things are will be the cost of oil. With the economy “the worst it's been since The Great Depression” absolutely the only reason for the cost of oil to keep going up is how fast the dollar is getting weaker around the world. At this point in a recession, especially with what's almost surely in store for us, the price of oil should be lower, much lower. It's up and the only reason is that the dollar is weak.

47 posted on 06/09/2009 4:44:37 PM PDT by jwparkerjr (God Bless America!)
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To: MHGinTN

We probably all need to face reality. The New World Order cabal has taken over. There will be no America and no Constitution.

It is us against them.

Alex Jones is lookin’ like a scholar.


48 posted on 06/09/2009 4:44:57 PM PDT by dforest (Anyone dumb enough to have voted for him deserves what they get.. No Pity!)
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To: Para-Ord.45
Didn't the SCOTUS just basically say that fascism/socialism is now constitutional?
49 posted on 06/09/2009 4:45:33 PM PDT by Las Vegas Ron (zer0 is doing to capitalism what Kennedy did to health care)
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To: Para-Ord.45

Stick a fork in Chrysler.


50 posted on 06/09/2009 4:45:56 PM PDT by ptgustan (Marxist thought stinks on ice.)
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