Archive for May 25th, 2009
The Chrysler takeover and the rule of law
Monday, May 25th, 2009Joshua Claybourn summarizes why the Obama regime's management of the Chrysler bankruptcy is worse than just more government intervention. It violates the most important aspects of a sound legal system: the sanctity of contracts and the rule of law. Under these long standing bankruptcy laws—enacted and enforced by the federal government ...