High court won’t block Chrysler sale
Jun 9 06:27 PM US/Eastern
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WASHINGTON (AP) – The Supreme Court has cleared the way for Chrysler’s sale to Fiat, turning down a last-ditch bid by opponents of the deal.
The court said late Tuesday it had rejected a plea to block the sale of most of Chrysler’s assets to the Italian automaker. Chrysler, Fiat and the Obama administration had warned that the high court’s intervention could have scuttled the sale.
A federal appeals court in New York had earlier approved the sale, but gave opponents until Monday afternoon to try to get the Supreme Court to intervene.
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The bondholders really couldn’t expect “justice” from a gooferment court.
Talk about a stacked deck!
The President’s plan taken before the Government’s Court. And, you expected a different result.
Watch the bond markets now! Nothing is safe from gooferment manipulation.
Now what happens to the Indiana pensioners who just got screwed?
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