Chrysler Sale Blocked By Supreme Court
 

http://www.breitbart.com/article.php...show_article=1

The Chrysler bankruptcy might get another look. The Supreme Court and one of the most liberal justices on the Supreme Court has temporarily blocked the Chrysler bankruptcy.

Someone not getting enough in their pocket?

It's quite possible ultra liberal Ruth Ginsburg thought the UAW deserved more ownership?

It is not blocked per se but the stay was extended until the Supreme Court can get the info it needs to rule. At that point they may make a ruling or send it back to a lower court.

Commie Libs Nazi blocks the selling of USA to Italy.

i'd make fun of you... but the truth is, i'm a HUGE J.J. Walker fan.

in other words the OP was getting his panties in a wad over nothing because he secretly hates blacks

I read that this was done so that the court would have time to take a closer look at a different suit filed by three Indiana pension funds. From what I understand these pension funds (or more accurately the people that run them) want to block the sale of Chrysler and they want to argue the case before the Supreme Court if needed. So the court stopped the sale so they could take a look at the pension fund case and see if it had merit.

Here is a quote from the article I read: "The Indiana pension funds argued that the sale of Chrysler unlawfully rewards unsecured creditors ahead of secured lenders and amounts to an illegal reorganization plan, and that the U.S. Treasury Department overstepped its legal authority by using financial bailout funds for Chrysler when Congress intended the money for banks."

So I guess if they find that the pension fund doesn't have a legit case then the sale will move ahead as planed.

I can't believe they're blocking this, and it will probably be long enough for Fiat to walk away.

It is the job of the high court to block things when it deems necessary based on law, not one time need.