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SO the entire SCOTUS is going to hear the case?

Hopefully they’ll throw TARP out the window.

Happy Days are here again,
the sky above is clear again...

Protect the ‘Rule of Law’!
else we digress into the law of the jungle...

It appears to be an open question what will happen, but obviously this is A first step.

It is not guaranteed that the US Supreme Court will hear the case. Justice Ginsburg who is responsible for the federal courts in New York issued a one page order that stayed the actions of the courts in New York (putting the sale of Chrysler to Fiat) on hold pending further order by her or by the Court.

Four justices would have to agree to hear the case for the entire Court to hear arguments. I doubt Justice Ginsburg would have issued the order if she did not believe the case had merit. I suspect Justices Alito, Scalia, and Thomas also believe the case has merit so I believe the Court will very likely grant certiorari tomorrow or Wednesday and hear arguments soon.

Fiat may back out on Saturday as that company has only agreed to be purchase Chrysler if the sale occurs on or before June 12, 2009. My guess is if the Supreme Court issues a writ of certiorari and schedules arguments for Monday, June 15, Fiat will walk away from the deal rather than wait because the it is not in Fiat's best interest to have the Supreme Court looking at the legality of the deal brokered by Don Hussein 0bummer and Gelfin Geithner.

What I hope happens is that the Supreme Court issues the writ tomorrow and asks both sides to present oral arguments on Wednesday and strikes down both the deal and Porkulous on Thursday before Fiat is free to withdraw and make the case moot.