Barack Obama

Why exactly is the Supreme Court meddling in the Chrysler / business for Fiat?

Mr Magoo … How did the courts Supreme business? Thunder God … sounds very paranoid that I dinodino … thanks

"An appeals court in New York approved the sale Friday, but gave objectors until Monday afternoon to try to get the Supreme Court to intervene. Chrysler LLC wants to sell most of its assets to a group led by the Group Italy's Fiat SpA as part of its plan to exit bankruptcy protection. The Indiana State Police Pension Fund of the Indiana Teachers Retirement Fund and the movements important state Construction Fund claim the agreement unfairly favors the interests of stakeholders without warranty of Chrysler ahead of the holders secured debt as funds. The fund also questioned the constitutionality of the use of money Treasury Relief Program Troubled Assets (TARP) the protection of the bankruptcy of Chrysler financing. They say the government did so without the authority of Congress. "

Chrysler-Fiat a Go, BMW X6M – Autoline Daily 161