Ginsburg Stays the Chrysler Sale: Obama’s Sick Chicken?
If you recall, President Obama pre-packaged the Chrysler bankruptcy/sale to Fiat in such a way that he screwed the secured creditors (i.e., the bondholders) in favor of the unsecured creditors (i.e., the unions). Some Indiana pension funds challenged the deal on constitutional grounds (apparently at the behest of Indiana Governor Mitch Daniels).
Late this afternoon, Justice [...]
