[Para-Ord.45]

WTF?

I thought there was established Constitutional law on the issue:

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

[El Sordo]

Constitutional Law is fluid.

[Orange1998]

All Ginsburg cared about was the lawsuit exemption to product defects of cars.

[Avoiding_Sulla]

I suspect that the “compelling state interest” meme has claimed another constitutional barricade against tyranny.

And it a punny way it’s fitting: Using Presidential fiat for the benefit of Fiat.

[Ghost of Philip Marlowe]

I missed the lead up to the USSC appeal.
Was it based on bondholders having contractual liens against Chrysler and the sale not honoring those liens?

[MindBender26]

Have not been following this. What was legal foundation for this? Was overseas. Is this a bankruptcy case or is this simply Obama’s doing by presidential fiat (if you will pardon the pun.)

[MadMax, the Grinning Reaper]

Obama to Para-Ord 45: I used to teach constitutional law. Now we don’t need no constitutional law, for I am the Obama, the God of Newsweek, the Messiah of the Masses, the red in the red, white and blue.

Fooled yah. Now I’m in charge so don’t f*ck with me or I’ll send Rahm The Fish Emanuel to pay you a visit.

[Cheerio]

WTF? I thought there was established Constitutional law on the issue: Bondholders Committee v. Commissioner, 315 U.S. 189 (1942)

You must be referring to that living breathing document that needs to be changed occasionally by the WH. /sarc

[Eric Blair 2084]

Moral hazard.

Good luck getting private investors to invest in “secured” debt for any company while BO is in office.

No financing except for the gubmint tit will be available. No rational person would lend money to a company when the rules can change midstream.