Investers Appeal to the Supreme Court to Halt Chrysler Sale
Late last week I wrote a post about the state of Indiana challenging the automaker bailout’s constitutionality in appeals court. The bailout was upheld by the court. Now Indiana is asking the Supreme court to delay the sale of Chrysler to examine the case.
The problem Indiana has is that they hold over $40 million in secured Chrysler loans, and they are contending that the TARP money was supposed to be used for financial institutions not car makers. They are correct, the current president as well as the former president took money from TARP against the will of congress, that is illegal and unconstitutional.
There is no word yet as to whether the Supreme Court is going to hear this case, if not the sale will go through at 4:00 on Monday. The Supreme Court needs to hear this case, this is an important case. Ruth Ginsburg is in charge of emergency cases and she can decide by herself if the Supreme Court will hear this case. I would feel better about the chances of the Supreme Court hearing the case if the decision would be made by a vote of all justices, that is an option that Ginsburg can use.
This case needs to be heard, we have a president that is taking over a private industry and we cannot let that happen if there is a way to stop it. This is the only chance that we have.
The Supreme Court must stop this power grabbing president.
America's Watchtower 
I sure hope we get this case heard before Sotomayor get appointed!
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Sotomayor? Where we go saying someone can not rule based on their personal opinion but it is ok when its a bunch of White men making the vote. Oh one Black that is really white. They all vote on what they believe in I don’t care what anyone says. I just don’t trust the justice system. Avoid it all you can in your life.
The Pres taking over private industries, which one are we talking about? The ones that could not make payroll without gov money? You say it like all the industrieshave being taking over? We are talking about 2 companies here that failed. You know the Gov did not take over the banks. they took money from the gov and that was done by Bush. Tell straight facts.
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