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.
And the SC Sanford deal...what’s up with that?
SCOTUS says SC MUST request stimulus money. No need for govenors anymore either,I guess.
O dear God.
Sure, and contract law is fluid as well. A contract only means what some black robed bandit says it means. I wonder how much Ginsberg got in kickbacks?
..and also using fiat money for the presidential fiat for Fiat.
You have 1 unplayed voicemail from Claire Wolfe...
Are we there yet, Daddy? Are we at the TIPPING POINT?
Plan on a big sell off of US bonds tomorrow.
It did... I watched the newer one where he lays under a car and pretends to be dead. I think something could definitely be done with that one.
Religion can jave unwxpected effects on people.
Not USSC in that case - Supreme Court of SOUTH Carolina made that ruling.
That’s why ostammer has all those cazrs. They don’t answer to anyone but ostammer. Congress has to answer to the voters, and cabinet secretaries have disclosure and reporting requirements. The czars’ public disclosure and reporting responsibility? Zip, zilch, nada.
Is a sell off US bonds good for the Asian markets? Why?
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.)
Think of it this way. Until Allende tried to turn Chile into a socialist/communist country, Chile was the only country in all of Latin America with a long history (over 100 years) of the military staying out of politics. Maybe that's why it was also the most prosperous and democratic country in Latin America. The Chilean military did not intervene lightly, and those who did so knew they would be ultimately condemned, as Pinochet was long after he stepped down and returned the country to civilian control. What he did was wrong, but it saved the country.
In England, it was against the law and wrong for Parliament to oppose Charles I's usurpations and pretensions to absolute monarchy, but after a long and bloody civil war that no one undertook lightly, Charles did not succeed in turning England into an absolute monarchy on the French or Spanish model.
And, when the English brought the Stuarts back, James II thought he could pick up where Charles left off. The resistance to that was called Glorious.
And, of course, when German George III's ministers decided to run roughshod over the liberties of Englishmen living in the North American colonies, our forebears (well, a bunch of mine at least, and I daresay some of many of other Freepers) had something to say about it.
We no longer have any institutional bulwark against the Obama wrecking crew's assault on the rule of law and the republic.
Each man and woman has to do what he or she thinks is right. And avoid saying anything that would be criminally punishable.
While I agree with that sentiment, I don't think anyone figured that it would go to SCOTUS and that SCOTUS would basically throw property rights and contract law out the window. I believe the second part is why some of us think the market will tank. While SCOTUS did not rule on the merits, the point is moot as the sale is finalized tomorrow and once done, it is over.
If you can't rely on property rights or contract law you lose one leg of our inalienable rights. Life, Liberty and the Pursuit of Property (Happiness).
I doubt it. But I agree on long term investing a big chunk in Asia and emerging markets. I have been doing that for years long before Obama.
The court became a policy making body long ago, why stop now.
Key part of your post ...
Got a link?
Ford should leave, too, before the new GM and Chrysler ruin them.
Hear, hear. (Drill raps knuckles on table)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.