Quote:
Originally Posted by melliedee
The law was not ignored. No doubt there may have been "strong arm" pressure, but the bond holders didn't fold, did they? I don't like mafioso tactics via my government either.
|
It (the law) most certainly was ignored, by Obama; we now have to trust that a judge does the right thing. I guess Obama spent too much time cogitating on the Constitution, witness his voluminous writings on all the critical constitutional issues of the day, to worry about such trifles as contract law.
Quote:
|
You may think the UAW got a sweet heart deal, but they've been giving strong concessions for the past two years.
|
They may have made concessions, but that was part of a negotiating effort in the past. Once those negotiations were closed, they were entitled to a certain amount of Chrysler under the law, according to a well-established, legally sanctioned pecking-order; Obama abrogated that arrangement, let's hope the judge follows the law.