"Upon consideration of the application of counsel for the applicants, and the responses filed thereto, IT IS ORDERED that the orders of the Bankruptcy Court for the Southern District of New York, case no. 09-50002, dated May 31 and June 1, 2009 are stayed pending further order of the undersigned or of the court."
Freedom Of Speech would like to say:
Imagine that - someone in Gov't actually considering the LAW. We bet Obama hadn't even considered that one!
For secured creditors to get the short end of the stick to satisfy the UAW debt that the President of the United States owes them for more than $33,000,000 million in political contributions, is a most egregious act on the part of this administration.
It's readily apparent that Obama and the Democrats were given the union a "sweetheart deal".
Hopefully, the court will protect the bond holders and the Indiana pension funds!
