Is SCOTUS Preparing a Landmark Decision Against Obama?
In a one sentence order, Justice Ginsburg left open the possibility that the SCOTUS may scotch the Chrysler-Fiat deal that gives 29 cents on the dollar to the Indiana Fund and other Chrysler bondholders.
Judge Ruth Bader Ginsburg’s Order read as follow:
So, what does this mean? According to scotusblog.com,
The wording of Ginsburg’s order — “stayed pending further order” — is the conventional way by which a Justice or the Court carries out an action that is expected to be short term in duration, and not controlling — or even hinting at — the ultimate outcome. Any speculation that her order meant the Court was leaning toward a further postponement would be unfounded.
In 1935, the SCOTUS declared FDR’s National Recovery Act of 1933 unconstitutional and thereby slowed another presidential administration and Congress that was overreaching its authority.
Will history repeat itself?