LIke I said earlier, nothing more than window dressing. This was a cute way of pretending that the administration didn't throw out the rules but in affect violated every corporate governance rule ever created.

What Ginsberg did is what is expected of a justice. She set aside her politcal beliefs and took on a case that should be handled at the SCOTUS level. Hopefully Sotomajor (sp) is taking notes.

WOW! A justice who sees through the rhetoric, and illegality of the deal, regardless of party/idealogical lines. The UAW is the reason Chrysler and GM are in the mess they're in, so why on earth should they be rewarded for killing two great companies?

I hop ethe UAW workers who lose jobs over this suffer serious financial loss, thanks to their over-reaching greed.

Each Justice is assigned an area of responsibility, this one fell in Ginsburg's area, that is why it is her and not one of the others.

Hal! Great catch, I wouldn't have seen that Fiat report till late tonight.

Anne, that report is especially interesting since Penske is buying Saturn.... wonder is that same logic will be applied to GM dealer closings.

Does anyone here know what advantage there would be to Chrysler or GM to close a dealer? Dealers pay for the vehicles whether they sell them or not right? They pay their own advertising. So what does Chrysler/GM gain? Serious question, not familiar with the workings of dealership.

The statement "Fiat can walk away from the sale if it doesn't close by June 15" was an argument put forth by the Obama Administration's lawyers to keep the SC away from the deal. However, Fiat says that is a lie: http://www.cnbc.com/id/31182295

Even Ginsburg realized this may be just plain illegal. Wow!

And let's not forget the scandal that's heating up about the dealership closings. Neal mentioned that he was looking for info on this this morning. The best information on Republican/ Democrat breakdown in closings can be found at zerohedge.blogspot.com (link below), who determined that "while the data preliminarily did not demonstrate a republican or democratic bias, there was some peculiar tendency in the data to favor Clinton donors." That leads us to this court filing from the owner of a closed Chrysler dealership in Little Rock. I personally think this sounds a lot more like Obama's style than just the straight anti-Republican angle:

"On May 13, 2009, I received a letter from Chrysler notifying the Dealership that Chrysler had elected to “reject” our Dealer Agreement. I am obviously very familiar with the Little Rock, Arkansas dealer network and was surprised because both Cook and Crain, the only Chrysler dealers in Little Rock, were both rejected. Therefore, Chrysler’s action would, on its face, result in a complete lack of representation in a major American city. Since that would be a ludicrous result, one can only infer that Chrysler has a more sinister motive.

Because it is inconceivable that Chrysler will not have a dealership in Little Rock going forward, the only conclusion that one could draw is that, after review, the evidence in other markets in the region, that Chrysler now intends to “give” the Little Rock market to a Landers-related dealer.

Having reviewed the pattern of assumption and rejection of dealers throughout their region, I have detected a pattern: In every market where there is a dealership connected with former Penske Automotive executive Steve Landers, or his new automotive partnership with “Mac” McLarty (former Chief of Staff for President Clinton) and Robert L. Johnson (majority owner of the Charlotte Bobcats), the competitors are rejected.

In the Little Rock, Landers Chrysler Dodge Jeep is located far out of town in Benton, Arkansas. Nevertheless, the two Little Rock dealers, Cook and Crain were rejected.

In the Fayetteville, Arkansas area, Landers-McLarty Dodge Chrysler Jeep is located far out of town in Bentonville, Arkansas. Competitors Springdale Dodge Chrysler, Steve Smith County Jeep and Jones Brothers were all rejected.

In the Shreveport, Louisiana market, Lee’s Summit Dodge Chrysler Jeep (a Landers McLarty dealership) is located in Bossier City, Louisiana. Both competitive dealers, Claude de Beaux in Vivian, Louisiana and Greater Birmingham Dodge Chrysler in Shreveport were rejected.

In the Springfield, Missouri market, Tri-Lakes Motors (a Landers-McLarty dealership) is located in Branson, Missouri. Competitors Heritage Chrysler Jeep in Ozark, Missouri and Ramsay Motor Company in Harrison, Arkansas were rejected. A pattern seems to be emerging. Everywhere there is a Landers-McLarty dealership, Chrysler has rejected the competition.

In the Huntsville, Alabama market, Landers McLarty Dodge Chrysler Jeep, is located in Huntsville. Competitor Cloverleaf Chrysler Dodge Jeep was rejected.

Favoritism and cronyism towards preferred dealer group is not a valid exercise of business judgment."

http://zerohedge.blogspot.com/2009/06/terminated-chrysler-dealers-are-heard.html

Let's hope it goes the full review. Let Chrysler liquidate. The abuse of the constitution would cause more problems down the road than the collapse of one, albeit large, corporation.

Supreme Court ruled against seizure once before.

http://www.independent.org/publications/article.asp?id=1394

"no more black cars"
don't blow an ethics gasket; that was recommended procedure from a 'blessed' enviromental study group

This is really scary stuff here. I'm glad the supreme court has stepped in but I'm not sure how long they will last. I think Obama is setting them up brilliantly here. He's going to say they are using judicial activism by interfering with his orders from on high and he's going to use that to say that Sotomayor isn't any worse than the people that are on the court now. Once she's confirmed, he will have complete control.

(I know this logic doesn't hold up to reason, but the country is ruled by democrats now, and reason doesn't apply to them.)

President God will probably declare Martial Law, disband the Supreme Court, and send in the National Guard to shut down all Chrysler operations until He decides who's going to run what.

Now tell me.....5 months ago, wouldn't that have sounded a HELL of a lot crazier than it does today?