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Old 06-09-2009, 12:34 AM   #1
appabessy

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Default Fiat deal in trouble?
The market can handle it.

All it means is that they will become much less valuable, especially state bonds.
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Old 06-09-2009, 02:35 PM   #2
gunhijala

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Still, if the SCotUS refuses to hear the case, which experts say is most likely,... Why would Ginsburg issue a stay of the sale without some indication from the other members of the Court that they wished to intervene?
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Old 06-09-2009, 02:54 PM   #3
Immerymopay

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The administration's take on contract law appears to be that it is ink on a page. Hopefully SCOTUS will take them to task for this.
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Old 06-10-2009, 01:10 AM   #4
alexbookhyip

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As predicted the deal gets the final ok.

http://www.msnbc.msn.com/id/31185911/

The handful of minor investors who refused to sign on to the deal essentially had their case killed today when the SCotUS refused to accept their case. This is good news because it means a minority can't block the reorganization of the auto industry and common sense is prevailing.
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