It would be a big slap to Obama if they rule against him. But the SCOTUS has at least decided to hear the case. I don’t know how you could avoid an interstate commerce and changing the bankruptcy laws without the legislature seemed like a no brainer.
No, they have not decided to hear the case. RBG has issued a stay, while they think about it, that is all. She can void the stay at any second.
“It’s the first time in American history where secured creditors were not treated as secured creditors,” Richard Mourdock, Indiana’s state treasurer said on CNBC shortly after the delay was announced. ““We don’t think the administration can egregiously and arbitrarily throw 150 years of bankruptcy law out the window without process of law.”
The Obama administration, earlier on Monday, urged the Supreme Court to allow the sale, saying that blocking the deal would have “grave consequences.”