Quote:
Originally Posted by Villages Kahuna
Steve's analysis of the situation is a good one.
I'm guessing that if SCOTUS does anything, it will do it quickly in order to avoid cratering the bankruptcies underway and the financial ruin that would cause. Ruling in favor of a couple of creditors with minimal amounts of debt due them at the expense of worldwide financial disaster seems an easy choice to me. Of course, they could do nothing. They are not required to hear the case and adjudicate it. It'll be interesting to see if the justices that we view as "conservative" join the "liberal" Justice Ginsburg in the defense of the Constitution and rule of law.
Bucco, my "chicken"metaphor was probably not the best I could have chosen. I guess what I meant was SCOTUS playing chicken with their defense of the Constitution as opposed to the financial disaster that is likely if they choose to become involved.
|
SCOTUS works under a predicable schedule, and since the 2nd Circuit Court of Appeals decision has been stayed, SCOTUS will most likely just add this matter to it's normal Friday discussion session.
There's been a lot of rhetoric about "defense of the Constitution and rule of law," but its doubtful that many have read the briefs from the parties. I've a lot of confidence in SCOTUS to do the "right thing" according to the law, and no matter what SCOTUS decides to do or not do, there will be unhappy people who are not interested in "the law," but are more concerned about their political point of view.
UPDATE: Well' they were "unpredictable," and finished the matter with an affirmation of the 2nd Circuit COA decision.
For more info, see http://www.scotusblog.com/wp/categor...-and-opinions/