‘Too Big to Fail?’
“There is but one straight course, and that is to seek truth and pursue it steadily.” –George Washington
“An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself… A murderer is less to fear.” — Marcus Tullius Cicero
As reported two weeks ago in The Patriot Post (and practically nowhere else), Indiana Treasurer Richard Murdock filed an appeal with the U.S. Supreme Court seeking review of the legality of the Obama-forced bankruptcy of Chrysler, LLC.
Murdock is petitioning the Court to rule on Barack Obama’s blatant disregard of the U.S. Constitution, Article 1, Section 8, which explicitly authorizes Congress, and not the president, to determine bankruptcy laws. In particular, Murdock is challenging the president’s unashamed indifference to more than 220 years of bankruptcy precedent, which puts senior, or secured, creditors ahead of junior, or unsecured, creditors during bankruptcy proceedings.
Harold
