Comment

Sotomayor in a Cast

350
SixDegrees6/08/2009 1:15:07 pm PDT

re: #336 3 wood

The Supreme Court just put on hold the sale of Chrysler to Fiat.

At stake is whether or not the primary creditor status of a bond holder will be upheld or over turned.

If the current planned ale to Fiat is allowed to go through as is, the bond market will be in chaos.

Somewhat good news. Any word on what will happen next? Will it be referred to the full court, or remain in Ginsburg’s baliwick?