Paul,
I know there are suits pending regarding the lost pensions of the non-union employees because I heard the interview with the attorney for the plaintiffs. I believe there are additional lawsuits on the improper rejections of profitable dealerships, and the unprecedented violations of the rights of the bondholders. It is possible that the whole thing will unravel – another mess created by Obama which will take years to clean up, with no way to undo most of the damage caused by his outrageous violations of the rule of law.
I just cannot understand why the people in positions to stop Obama before the last election could not see this coming. I knew that this was exactly what we could expect of Obama if he was not stopped. It was perfectly clear that he was a Communist. Read “Mao: The Untold Story” and it will tell you exactly what a Communist will do once gaining power.
Obama is following the playbook to a T. If he can get re-elected, the next phase will be even more ugly, with death camps a very real possibility. He is on a path of destruction that will be unstoppable if he is allowed to have another term. Yet our fearless congressmen and Supreme Court justices let the constitutional violations, occurring almost on a daily basis, just keep rolling on.
Everything about the Obama administration just makes me sick and disgusted. Even more sickening is that all my friends and relatives who ridiculed me for raising alarms about Obama (including both his Communist ideology and his fraudulent constitutional eligibility credentials) will not admit they made a mistake.
I never thought this could happen in our country. Now Bill Clinton is telling us we should “keep Obama on the job”! That man should be in prison if not in front of a firing squad for his many crimes. He has absolutely no shame. I could not show my face in public if I had a history like his, Including multiple conspiracies to commit murder.
DL
Sent: Wednesday, September 05, 2012 9:19 PM
Subject: Re: Law Prof: US Govt Ignoring Rule of Law & Harming Economy Further
David:
What is the current status of the Chrysler bankruptcy case? Is it still alive?
Paul
Sent: Wednesday, September 05, 2012 10:04 PM
Subject: 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 16th and 17th 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?
_____________________________________________________________________________
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
Public Docket For Chrysler Bankruptcy Has Been Sabotaged To Conceal The Fraudulent Dealer Rejection Opinion by Judge Gonzalez.