Skip to comments.Supreme Court clears way for sale of CHRYSLER...( Rule of Law ABOLISHED!?)
Posted on 06/09/2009 4:28:47 PM PDT by Para-Ord.45Edited 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.
All three branches of government essentially say screw the Constitution.
I thought there was established Constitutional law on the issue:
Bondholders Committee v. Commissioner, 315 U.S. 189 (1942)
It’s tar and feathers time WTF
Well, there goes the republic. Done. Finis. Stick a fork in it.
We now live in a fascist dictatorship.
In summation: Supremes and Obama: Auto workers - we love you. Teachers and cops - you suck.
I’d expect a huge selloff in the US Markets tomorrow. Huge.
We are now a nation ruled by men . . . no longer by the rule of law.
May God help us.
Constitutional Law is fluid.
It was all nine members voting not to give certiori (or at least 6 of them).
The beneficiaries of those bonds at stake were NEA members!
Posted just behind you — had my thread pulled.
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.
Exactly. What law?
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!
Let me fix this:
Buy foreign bonds
Contract law and the protection afforded secured credit holders. Need I go further?
Here’s the 2-page order, PER CURIUM, which means it’s in the name of the entire Court:
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.
I guess secured bonds are longer secured at least not when Obama can put unsecured creditors ahead of them.
forget that, go back to under the mattress.....
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.
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.
and get a BOHAG
(big old hunk a gold)
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?
stick a fork in capitalism, it just died.
My point was, as of today, those laws are no langer in force - at least for the regime.
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.
I do believe the end justifies the means, as you so circuitously pointed out.
Who stands to gain?
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.
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.
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.
This is not the “Rule of Law.” Not by a long shot. It is the death of it, in fact.
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.
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.
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.
Stick a fork in Chrysler.