Law Prof: US Govt Ignoring Rule of Law & Harming Economy Further

This is a very interesting interview with University of Pennsylvania  law professor David Skeel regarding the dangers to the nation resulting from a growing pattern of Executive Branch actions which depart from the rule of law.

He offers the opinion that the current problems started with the Bear Stearns bail-out, but I believe the problems go back at least to 1913 with the fraudulent ratification of the 16^th and 17^th amendments to the Constitution, and the adoption of the unconstitutional Federal Reserve Act.

In any case, Professor Skeel asserts that it is the job of the courts to enforce the rule of law. The failure of the Supreme Court to overturn the illegal Chrysler bankruptcy was a disturbing indication that the courts do not have the resolve needed to block Executive Branch actions that violate the rule of law.  

Is that an understatement or what?

http://www.youtube.com/watch?feature=player_embedded&v=Pl7WYzmAEjY#!

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Note: There were numerous violations of the rule of law in the Chrysler bankruptcy, including politically-driven dealer rejections (rejected dealerships were almost exclusively owned by Republicans); disparate treatment of the pensions of union vs. non-union employees (Chrysler unions had close ties to the Obama administration); and gross violations of the rights of bondholders in order to fund protections for union pensions and health care benefits of union retirees. In effect, the Chrysler bondholders were stripped of their claims on Chrysler assets, in violation of the bond covenants, in order to pay off the unions.  

A recent interview on Fox News with an attorney for the non-union employees, including former management employees, who lost their pensions in the strange and unorthodox Chrysler bankruptcy suggested that the final resolution of the Chrysler bankruptcy engineered by the Obama administration may not survive a coming legal challenge.

Chrysler Bankruptcy, case of judicial fraud? Dealership Attorneys to appeal Motion denial

http://www.examiner.com/article/chrysler-bankruptcy-case-of-judicial-fraud-dealership-attorneys-to-appeal-motion-denial

Public Docket For Chrysler Bankruptcy Has Been Sabotaged To Conceal The Fraudulent Dealer Rejection Opinion by Judge Gonzalez.

http://naturalborncitizen.wordpress.com/2010/03/03/public-docket-for-chrysler-bankruptcy-has-been-sabotaged-to-conceal-the-fraudulent-dealer-rejection-opinion-by-judge-gonzalez/