TARP cash, I think (someone correct me if I’m wrong), provided debtor-in-possession (DIP) financing to Chrysler. That’s a loan - usually by a private entity, but here it was the government - provided in the context of a Chapter 11 bankruptcy to facilitate the reorganization plan. Except here, I think it’s more like a grant than a loan; there’s no expectation of payback.
To see if I’m right of wrong, find the TARP section of Indiana’s brief; I have not read it yet.
http://www.scotusblog.com/wp/wp-content/uploads/2009/06/stay-application-re-chrysler-6-6-09.pdf
TARP funds are retricted to financial institutions.
Indiana corrected argued that Chrysler is not a bank (in the brief you linked).
T Soliciter General, in her response, said Chrysler is a bank if we say it is.
Thanks for the info. Appreciate it.
By the way, for the purpose of rigging the bid, the sheriff paid his buddy the assessor $10M to value the house at $2B.
But he valued it at $30B when he lent the maid the money.
(This is one of the points the USSC thought was not worthy of consideration, even though it violates about 30 laws).