Supreme Court Puts Chrysler Sale On Hold!
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
Standing Up For What’s Right
Like Horatio at the Bridge, Richard Mourdock continues to fight for what’s right.
Indiana’s State Treasurer has at least temporarily blocked the sale of most of Chrysler Corporation’s assets to Fiat.
A late decision allows for a court challenge to see if two Hoosier pension funds and a construction fund are getting a raw deal in the automaker’s bankruptcy.
State Treasurer Richard Mourdock says he doesn’t like holding up the sale of Chrysler to Fiat, but he insists he won’t back down, and now he’ll get a hearing before a federal appeals court. via Indiana Treasurer Wins Right to Appeal Chrysler Bankruptcy Terms | Indiana’s NewsCenter: Fort Wayne WPTA-TV, WISE-TV, CW, and My Network | Local & Regional.
