Let me try again - Chrysler went bankrupt, and their house is being sold at auction by the sheriff.
By law, the sheriff must sell the house to the highest bidder, and use the proceeds, first, to pay off the mortgage.
Instead, he sold the house to the maid in a rigged deal, then paid off the maid’s back wages with the proceeds, and put a big chunk aside for the maid’s retirement fund.
And he told the mortgage company, “I won.”
You see?
The irreperable harm is, the sheriff is immune from being sued, and so is the maid!
As for chrysler? as of the momment of the sale, it no longer exists.
That’s actually excellent.
That’s the best, clearest and most precise explanation of what just happened. And I’ve been reading everything; MSM financial articles, legal blogs, etc.
That is a great explanation. That is what needs to be publicized.
So the court said screw the secured creditors and give money to the union. This is exactly the kind of decision which would be made by nominee Sotomayor, who thinks her ethnicity and sex should govern her decisions, instead of being governed by what the law says.
Without the rule of law there is no freedom. If people don’t respect the law, they will ignore it. The Supreme Court, the Socialist Obama, and the Socialist Congress are taking away our freedom and promoting chaos.
Soon Congress will pass more socialized medicine, and among other things there will be long waits for treatment, with the government dictating what treatment we can receive, and when we can get it. This is more than an inconvenience; it is a matter of life and death. The government is literally taking away our right to life, liberty, and the pursuit of happiness.
EVERYONE: Bombard your congressmorons with protests, get involved in protests such as the Tea Parties. Support the Fair Tax —— www.fairtax.org
Do it now before it’s too late.