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Wachtell, Lipton On The Second Circuit's Attempt To Cover Up Its Chrysler Tracks
Insightful memo out of Wachtell, Lipton discussing the Second Circuit's extensive opinion in its decision to flush the Chrysler sale in little to no time.
The Second Circuit’s decision serves as a reminder that flexibility is a hallmark of transactions under the Bankruptcy Code and that, for substantial bankruptcy sales, there is no “one-size-fits-all” rule to determine whether the sale may go forward under section 363 or must await a reorganization plan.
In other words, whatever happens, happens. Especially when Steve Rattner and the UAW are involved (luckily, we have much less the latter now).
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I'm watching the President in his Health Care Town Hall - "I have never been a supporter of "Single Payer" Health Care"
and then I watch this clip where President to be Obama states "I happen to be a proponent of Single Payer and Universal Health Care"
http://www.youtube.com/watch?v=fpAyan1fXCE
AFL CIO conference circa 2003
(someone should forward this to flag@whitehouse.com )
http://capitalistpreservation.com/cms/blog/its-another-great-day-be-un-american
"Death Care" propoganda for "birthers"?
Obama is a hard core pathological liar! He's mentally sick! It's shocking to watch.
More corruption.........what do you expect......I look for even more in the future
Even talking about it might make one un-American.
Didn't I see something on the Paulson asset list (Appendix A) on the other posting called Chryscapital I, LLC? What is that?
No relation to the car company. They invest in companies in India. http://www.chryscapital.com
For this blame West Coast Hotel v. Parrish (1937). What do you expect when policy is Constitutional as long as it is "rationally related to a legitimate government purpose?"
How ignorant are you? Your problem is that you and these other idiots don't realize that property only enjoys minimum scrutiny.
And what have you clowns ever done to RAISE that level? Even the yahoo gun enthusiasts have managed to raise the level of scrutiny for firearms possession.
But you, with all your ranting and raving, have made virtually NO progress in SEVENTY YEARS in explaining to the Court
1. what, in FACT, is property?
2. what about it makes it an unchanging fact of human experience such that it should enjoy a level of scrutiny higher than minimum scrutiny?
Of course, it never occurred to you that various rightwing hustlers understand very well that this is the issue. And so although they will rave on about property rights, even they don't really want the level of scrutiny for property raised. Why not? Because it would deprive THEM of power over the money, just as it would deprive the political system of power over the money.
So stop blathering on about this bankruptcy decision. Anyone could have told you that, "minimum scrutiny" being a police state concept in the first place, it would CERTAINLY be construed to the advantage of the political system, with respect to a concept so very poorly defined as "property."
Idiot.
It propelled you to offer a very interesting perspective to the issue, did it not?
.just the fact that pundits in the media are trying to sell a recovery greenshoot story based on the "wonderfull" economic situation
We just can not compete with the vast amounts of money being used to influence decisions.
good articles; my newest bookmarked finance website
Just when I had so much hope that NY wouldn't be Delaware.