From an investment newsletter:
The lawyer for Chrysler's secured bond owners yesterday saw the Supreme Court reject his petition for review. He posed an interesting question, wondering, "whether our judiciary is able to fulfill its constitutional mission to ensure that the rule of law prevails ? particularly in the face of perceived crisis."
Judging by the Chrysler bankruptcy and the treatment (murder, torture, denial of habeas corpus) of the prisoners of our armed forces, it should be blindly apparent to everyone that the answer is no. Our government rarely lets any crisis go to waste, as ol' Rahm Emanuel so keenly quipped. That probably doesn't bother many of you. It scares me. (But you've probably never had all of your assets seized without a warrant or a hearing... I have.)