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Politics : Formerly About Advanced Micro Devices

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To: steve harris who wrote (486483)	6/9/2009 9:44:28 PM
From: tejek	Read Replies (3) of 1575949

Inspite of suggesting that the president is a nazi, a mobster, a socialist, a dictator, fascist et al.......apparently the USSC realizes who he really is......a man trying to do what's best for the country and opposed every step of the way by the bankrupt party of NO. Chrysler Sale to Fiat Allowed to Proceed by Top Court June 9 (Bloomberg) -- The U.S. Supreme Court cleared the way for Chrysler LLC to sell its best assets to a group led by Italy’s Fiat SpA, refusing to grant a stay sought by Indiana pension funds and consumer advocates. The rebuff eliminates the last obstacle to a White House- backed plan that aims to make the Chrysler, Jeep and Dodge brands more competitive by spinning them off through bankruptcy. Chrysler, based in Auburn Hills, Michigan, says a quick sale is necessary to stanch losses of $100 million a day. In a four-paragraph opinion issued by the court as whole, the justices said the challengers didn’t meet the legal standard for emergency intervention. The court said its ruling “is based on the record and proceedings in this case alone,” possibly hinting that it wasn’t reaching any conclusions about the planned General Motors Corp. reorganization. bloomberg.com

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