[david austin]

Cause a pretty damn big one was just made.

Not sure if any of you have been following the Indiana State Pension fund arguments against the Chrysler sale and use of TARP funds but this little nugget was said today by the Obama admin

"The Obama Administration argued Monday that no court, including the Supreme Court, has the authority to hear a challenge by Indiana benefit plans to the role the U.S. Treasury played in the Chrysler rescue, including the use of “bailout” (TARP) funds. The Indiana debt holders, U.S. Solicitor General Elena Kagan wrote, simply have no right to raise that issue, thus putting it out of the reach of the courts.

Although arguing that the courts may not rule on the validity of Treasury’s decision to shore up a new Chrysler company with funds from the Troubled Assets Relief Program, the Solicitor General did argue that those funds may go to a troubled auto company, and not just to banks or other regular financial institutions."

Sooooo... not even the highest court gets to decide how and where the treasury and Obama burn our cash.

SWEET!

Oh how this will greatly affect the future investment in America.