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.
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.
That’s it. It’s over. It’s time the citizens realized it. Move elsewhere or be prepared. It’s going to get ugly and it’s inevitable. The entire government is corrupt. Both parties, all branches.
Yup. Kiss goodbye "the full faith" of the United States and all doing business in it.
The Roosevelt assault on capitalism was stopped by the Supreme Court, but this refusal to even hear the case makes it clear that the current Supreme Court is not up to the task to stopping Obama.
Fundamentally, it's over for the republic. Unless the military steps in, which it won't, Obama will have done so much damage to the rule of law, the economy and the country that even if the Democrats lose control of Congress in 2010 (which also probably won't happen), it will take two generations to undo the damage. Worse, by 2012, we won't have a real election. The Republicans are worthless -- and I say this having supported the party since Eisenhower!
At least one, if not all of these four, Scalia, Thomas, Roberts and Alito, is complicite in this ruling.
I think there’s 1 action left to secured bondholders, an “inverse condemnation” action. That’s an action based upon the “Just Compensation” part of the Takings Clause, and it means, in effect, “You’ve already taken my property, so now please pay for it.” It’s an after the fact the action that doesn’t block the sale.
Obviously I’m not optimistic about the prospects for success for such an action in the federal courts.
In the Roosevelt era, at least the President had to threaten to pack the courts in order to coerce the Supreme Court. The puss Supreme Court we have today just rolled over and played dead; no such pressure necessary.
They will bow down to their masters...........
We now live in a fascist dictatorship.
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I agree. I have no trust in anyone in the government. I really want to just move before the SHTF, which it will. I don't want to live in another Venezuela. Pravda was right, the US is sliding into Marxism at an alarming pace and who should know better than them?
Read the fine print it does not mean the SC ruled on the merits. In fact, the order stressed that “a denial of a stay is not a decision on the merits of the underlying legal issues.”
BWAHAHAHAHAHAHAHA!!!
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