[Starboard]

the Supreme Court refused to hear an appeal from Chrysler’s secured creditors based on the government’s argument that the needs of other stakeholders outweighed those of a few creditors

Who in their right mind will be willing to invest in debt instruments where amorphous "needs" and political influence supercede the concrete security of contractual agreements? Why put money at risk with no guarantees?

[glorgau]

If they get away with it, which I believe they will, the precedent and the message will be chilling.

Like the Doomsday Clock of the Bulletin of the Atomic Scientists, there should be a 2nd Amendment Clock of the Notes of American Citizens.

Push eventually comes to shove.

[org.whodat]

On Monday, the Supreme Court refused to hear an appeal from Chrysler’s secured creditors based on the government’s argument that the needs of other stakeholders outweighed those of a few creditors.

Could someone post the law that made them secured creditors.

[sickoflibs]

The Peter Schiff/Redistribution Watch Ping. (Washington Bankrupting our Nation by Spending your past, present and future money!)

[djsherin]

How stupid do our officials have to be? Are people so ignorant of basic economic principles? Contracts and property rights are essential for capitalism and a free society.

[kara2008]

We are now living in the world of Atlas Shrugged (sans the shrugging)....

[CodeToad]

“interests of the Indiana teachers and firemen whose pension fund sued to block the restructuring”

No doubt the very people who voted in the skinny little racist kid.