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Jun 8 2009

Supreme Court Puts Chrysler Sale On Hold!

Posted by: Larry

Another victory for Indiana Treasurer Richard Mourdock and America.

The Supreme Court on Monday granted an emergency appeal asking it to halt the impending government-backed sale of Chrysler to Italian automaker Fiat.

The order stops for now Chrysler’s sale, which the company claims could scuttle the deal.

via Supreme Court Halts Chrysler Sale to Fiat – Political News – FOXNews.com.

Obama’s attempt to ignore the law hits another bump. This temporary stay offers a ray of hope. It’s anyone’s guess right now what happens next. Hopefully, the Supreme Court will agree to take up the case and put a stop to this administration’s complete disregard for contract law.

Specifically, the case deals with two issues. First, is the unprecedented manner in which unsecured interests (the UAW) are given preferential treatment. Secondly is the legality of how TARP funds are being used in the deal.

See also: Breaking: SCOTUS stops Chrysler sale


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Meet Larry:

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Larry Laminger

http://GetFreakinReal.com

53+ year old God fearin' American. Raised in the sticks of Missouri, traveled the world for 12 years with the US Navy and settled down in the heart of Indiana. Now, I just want the government to leave my family and our stuff alone.

Larry posts from Indiana.

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