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Group of pensioners -- fighting against they Chrysler Fiat deal and they are taking their case literally all the way to the Supreme Court.
Now the presidential administration is getting involved as well.
Adams appearance you're not a brake the latest on what is I think in the understatement of the day an extremely.
High profile battle shirt because this has implications let's forget that it's Chrysler and Fiat it has a lot of impact on potentially General Motors gets what's coming up.
4 PM today is the deadline.
For this day which is already in existence to expire which point it 401 PM.
Chrysler and Fiat would be clear if nothing happens to close their deal however.
Justice Ginsburg has been asked to extend that stay by the Indiana pensioners those -- the three pension funds and Indiana.
Essentially the Indiana State treasurer but mr.
Murdoch about Richard Murdoch.
Who's asking that this be granted an extended stay -- that those pensioners can then approach the entire court.
Writ of certiorari to review the entire case which they say is unconstitutional.
Let's take a look at the first quote which comes from the motion asking for justice Ginsburg to extend this day.
They say that the public is watching and needs to see the particularly when the system is under stress.
The rule of law will be honored and an independent judiciary will prove properly scrutinized.
The actions of the massively powerful executive branch snapped they're going after president Obama's decision.
To bail out the car makers why because they say at least the -- an argument.
That this whole deal is unconstitutional TARP money the billions of dollars financing these bailouts.
TARP money was never intended and by law cannot be used to used to bail -- car companies is intended to help banks and financial and institutions -- here's -- The administration and Chrysler have to say they filed a motion saying no you should not grant the extension of the state because this -- would impose devastating injury.
On Chrysler -- stakeholders employees suppliers and the public interest at large -- justice Ginsburg has a very simple decision.
Do you extend this day you allow the -- to go even further or not.
If she does extend the stay that clears the way for the opponents Indiana pensioners -- to -- the entire court to review the case.
This could have you said implications for years of looking at a little -- bars -- look at the argument flies and there's a very good chance to -- with the argument flies that it's unconstitutional.
Use TARP money remember it but let's go through Akron and now.
Troubled Asset Relief Program came from the ESA the emergency economic stabilization act Marxist leninist -- there.
The ESA which was passed last year.
Which even secretary Paulson said companies any of this money for anything but financial institutions and banks.
So if by if the law says you can only use this money for banks and financial institutions.
When -- GM become a bank -- did Chrysler become a bank that's the argument -- is making if they succeed.
Then it becomes when did GM become -- -- inmates is -- bank but -- yeah.
Could be scotus.
Yes Supreme Court the United States present its missiles from more -- -- dance out of Spiro.
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