Some common sense prevails,
no thanks to our president.
NRO:
Salvation for Chrysler will have to wait, as the Second Circuit Court of Appeals has halted the bankruptcy to hear the appeal of Indiana's state pension fund, alleging their rights have been trampled on. My colleague John Berlau summarizes:
Kudos to the judges on the Second Circuit U.S. Court of Appeals for putting a stay on the Obama administration’s nationalization scheme for the bankruptcy sale of Chrysler LLC. Kudos also to Indiana state Treasurer Richard Mourdock for standing up for the middle-income teachers and police officers in the state pension funds and making sure that contracts affecting their retirement savings are respected.
More
here.
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