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Politics : The Obama - Clinton Disaster
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To: DuckTapeSunroof who wrote (65814)2/10/2012 5:21:35 PM
From: TimF1 Recommendation  Read Replies (1) of 103300
 
Courts are affected by politics and always have been, but that's not all of it. The government also used its powers as a regulator, and as the part handing out bailout funds to pressure some of the parties in the bankruptcy to go along with it, getting enough of an agreement that a court could reasonable sign off on it, even though it was manufactured by government pressure (outside the scope of what the court was considering), and didn't follow the normal legal principles of bankruptcy.

Because of that agreement, its not unreasonable to see it as legal, but both the way the agreement was reached, and the result of the actual agreement, are against the way bankruptcy is supposed to operate, and the purpose of playing political favorites is also a rather illegitimate use of bankruptcy law whether or not it was technically legal.
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