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“The markets factored in the sale long ago and were not counting on the Supremes to stop it.”

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 expected the ruling. I understand the matter bypassed the 2nd Circuit and based on a cursory reading of the ruling, the Supremes "decided" the petition didn't state grounds sufficient for SCOTUS intervention given the bankruptcy court's broad equitable powers. The real travesty occurred in front of the BK judge. Challenge now is for the Government Motors secured creditors and other aggrieved parties to tighten up their procedural and P&A approach to the high court. This ruling doesn't bode well for them.

You're right of course, this will put a serious chill on future interest in financing or investing in any largish company that may face financial distress in the future in whom the Obama administration might be expected disposed to intervene to stave off another another "crisis".

Nothing makes my blood boil more than the (apparent) fact that Obama got away with this too, at America's expense. It is a little (maybe much more than a little) consoling that this little enterprise of the dems inserting themselves and their green policies into the Chrysler and GM meltdowns, at our expense, should conspicuously fail in the end. The political cost to the leftists/statists and their god figure may be well worth the cost.