It seems that Justice Ruth Bader Ginsburg has ordered a stay in the Chrysler bankruptcy proceedings so that the Courts can consider the opposition of some Indiana pension funds. They loaned money to Chrysler, and now they're getting screwed in the bankruptcy process.
I'm not going to pretend that I know all of the particulars, nor that I'd even understand all the arguments, but it's seemed from the first that the bankruptcies of Chrysler and GM are designed more for expediency than for an orderly accounting and re-organization.
As I understand the bankruptcy laws, they're written to accommodate an orderly accounting, and to preserve the rights of creditors. This rush to accommodate selected creditors and the UAW does neither.
As for those judges who allowed this farce to continue, I reserve the deepest contempt for them. Judges are tasked with what sometimes appears to be a thankless, boring, grinding job. We pay them well and provide adequate perquisites for the occupation. Being a judge certainly beats any number of other professions. All we ask of them is that they apply the law fairly, honestly, and without apparent bias.
This bankruptcy proceeding is neither fair, honest, or without apparent bias. Those judges who have allowed it to proceed should be stripped of their robes, tarred, feathered, disbarred and charged with malfeasance.
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