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.
Against whom would you bring such an action? New Chrysler has no liability.
The “consent of the governed” is no longer required.
The Supreme Court did not rule, one way or the other, on whether the Chrysler sale is legal, but it is refusing to stop it from going forward.
So who's the "you" directed at in "please pay for it?" Is the US government not the de facto owner of the company? And, if this "last action" is successful, is not the US taxpayer going to be the one paying the bondholders.
In other words, Barry either wins big, or he wins really big.
The elephant herd is sure quiet tonight...
The way our courts used to work, and I say that with a snark, you had to prove real harm, before the courts get into it. I think they saw this as a weak case at this point. Cases get refilled with stronger arguments all the time.
Do you think the enviro-nut-jobs quit after one.
It took years for the FDR Fascism to be rolled back by the courts and Congress.
BS, this was important enough to hear. If they were courageous enough they would have heard the case. Let the SCOTUS take responsibility for allowing the Executive Branch to destroy the United States of America. They were the last hope of checking the Obama Oppression. They effing failed.
If a company can’t raise cash from issuing bonds, they can’t make a profit. This will spook the hell out of investors. I already moved all my money to foreign stocks and away from anything that could be tainted by Obama. The unintended consequences of government meddling should be the main story here.
The "new Chrysler" will need to renegotiate the deals with the affected states.
I'd suggest the states may well NOT care give the "new Chrysler" the same deal ~ which includes tax abatements,
I thought Jones sounded like a kook, but , I always wondered if he just might be onto something. What if he was right? What then?
I have to go along with him now, I can no longer think any of this is just happenstance and that 2010 will make any difference. Heck, even the SCOTUS doesn’t care about the Constitution anymore.
Not necessarily, but it is common to see recorded dissents from these orders. There is none listed here.
The sale isn’t suppose to go through until next Monday. What are you talking about when you say “in about an hour” Chrysler won’t exist?
Para-Ord.45,
From what I’ve heard in the last day or so, we needed 5 - not 4 - Justices to stop this freight train.
Here’s why:
It takes 4 Justices to grant “cert,” short for Certiorari, i.e., for the Supreme Court to agree to hear the case.
But this case didn’t get to this the Supreme Court via a request for cert. Because the entire case is moot if the Obama-ordered and 2nd Circuit approved sale of Chrysler’s assets to “New Chrysler” (Fiat + the federal government) is allowed to go through, this case got to the Supreme Court via an application for a STAY, i.e., a request for an injunction to stop the sale. And a stay requires 5 Justices to vote YEA. (Example: Back in 2000, we needed 5 Justices to issue a stay to stop the Florida recount in Bush v. Gore.)
So Thomas-Scalia-Roberts-Alito could have all voted YEA, and that wouldn’t be sufficient. And I’ll bet that’s what happened, too. The 4 could not convince the emotionally unpredictable Kennedy to join them.
Thanks, I didn’t know that.
Yes, it was an order of the full court — but the order stated in the order that they did not decide this on any merits.
Somebody put up a link before it was like a rejection letter not a real ruling. They just lifted the stay.
Maybe they will refile immediately.
If there were only two people in government I would trust to do the right thing, it would be them
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