Monday, June 8, 2009

Supreme Court intervenes in Chrysler deal!

Huge news! We can only hope that when the justices rule, they will rule in favor of the Constitution (remember: Supreme Court ruling on taking of private land...) 
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. [SNIP]

"The ... thing I hear is, 'Oh, if this doesn't happen, the sale won't take place.' Let's not forget Fiat is not paying one penny for 20 percent of this deal. If I am going to receive $400 million worth of assets on day one and I don't have to make an investment, I don't care so much if it happen Monday, Tuesday or next week, I am going to be there in the end

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