If this stands, from now on, the only available source of credit will be the federal government -- which seems to be exactly the plan, for the complete socialization of the economy. This is VERY big.
If this stands, what private investor will be interested in buying bonds?...
For the long term, that is the crux of this matter. If politicians can distort the law to overturn contracts, be they mortgages or bond agreements, then there is no way to evaluate the risk in debt instruments and,hence, no way to price them. The secondary markets will dry up immediately and liquidity will disappear.
The law is the last bulwark of free market. If the judges fail us now what is left?