Home › Forums › Financial Markets/Economics › Pivotal Day in US History Supreme Court says FU to Contract Law
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June 10, 2009 at 6:04 PM #414090June 10, 2009 at 6:06 PM #413389jParticipant
I agree, based on what little I learned about bankruptcy to pass the CPA exam, that Supreme Court many have made the wrong decision. I believe that they may have done so for political reasons.
This reminds me of the Supreme Court deciding that it is legal for California to tax foreign corporations on foreign profits just because California needs the money. After saying California could tax foreign corporations on the foreign profits, the Supreme Court basically told Congress to pass a law to out law the practice and Congress did. The Supreme Court knew that they were making the wrong decision, but California could not afford the Supreme Court to make the right decision.
What other rights are going to be trampled because some entity is broke?
June 10, 2009 at 6:06 PM #413625jParticipantI agree, based on what little I learned about bankruptcy to pass the CPA exam, that Supreme Court many have made the wrong decision. I believe that they may have done so for political reasons.
This reminds me of the Supreme Court deciding that it is legal for California to tax foreign corporations on foreign profits just because California needs the money. After saying California could tax foreign corporations on the foreign profits, the Supreme Court basically told Congress to pass a law to out law the practice and Congress did. The Supreme Court knew that they were making the wrong decision, but California could not afford the Supreme Court to make the right decision.
What other rights are going to be trampled because some entity is broke?
June 10, 2009 at 6:06 PM #413874jParticipantI agree, based on what little I learned about bankruptcy to pass the CPA exam, that Supreme Court many have made the wrong decision. I believe that they may have done so for political reasons.
This reminds me of the Supreme Court deciding that it is legal for California to tax foreign corporations on foreign profits just because California needs the money. After saying California could tax foreign corporations on the foreign profits, the Supreme Court basically told Congress to pass a law to out law the practice and Congress did. The Supreme Court knew that they were making the wrong decision, but California could not afford the Supreme Court to make the right decision.
What other rights are going to be trampled because some entity is broke?
June 10, 2009 at 6:06 PM #413944jParticipantI agree, based on what little I learned about bankruptcy to pass the CPA exam, that Supreme Court many have made the wrong decision. I believe that they may have done so for political reasons.
This reminds me of the Supreme Court deciding that it is legal for California to tax foreign corporations on foreign profits just because California needs the money. After saying California could tax foreign corporations on the foreign profits, the Supreme Court basically told Congress to pass a law to out law the practice and Congress did. The Supreme Court knew that they were making the wrong decision, but California could not afford the Supreme Court to make the right decision.
What other rights are going to be trampled because some entity is broke?
June 10, 2009 at 6:06 PM #414095jParticipantI agree, based on what little I learned about bankruptcy to pass the CPA exam, that Supreme Court many have made the wrong decision. I believe that they may have done so for political reasons.
This reminds me of the Supreme Court deciding that it is legal for California to tax foreign corporations on foreign profits just because California needs the money. After saying California could tax foreign corporations on the foreign profits, the Supreme Court basically told Congress to pass a law to out law the practice and Congress did. The Supreme Court knew that they were making the wrong decision, but California could not afford the Supreme Court to make the right decision.
What other rights are going to be trampled because some entity is broke?
June 10, 2009 at 6:16 PM #413399jpinpbParticipant[quote=Arraya]paying back the UAW for all the contributions to Obama’s campaign for election.
haha.. Do you know how much the UAW contributed to his campaign? And really should we even get upset when a politician pays back it’s contributors. It is the status quo in DC. But still 38 million from wall street compared to 400K from the ever shrinking, almost gone forever UAW. That don’t buy you much in DC. As JP morgan dines on the corpse of GM.
[/quote]Exactly
June 10, 2009 at 6:16 PM #413635jpinpbParticipant[quote=Arraya]paying back the UAW for all the contributions to Obama’s campaign for election.
haha.. Do you know how much the UAW contributed to his campaign? And really should we even get upset when a politician pays back it’s contributors. It is the status quo in DC. But still 38 million from wall street compared to 400K from the ever shrinking, almost gone forever UAW. That don’t buy you much in DC. As JP morgan dines on the corpse of GM.
[/quote]Exactly
June 10, 2009 at 6:16 PM #413884jpinpbParticipant[quote=Arraya]paying back the UAW for all the contributions to Obama’s campaign for election.
haha.. Do you know how much the UAW contributed to his campaign? And really should we even get upset when a politician pays back it’s contributors. It is the status quo in DC. But still 38 million from wall street compared to 400K from the ever shrinking, almost gone forever UAW. That don’t buy you much in DC. As JP morgan dines on the corpse of GM.
[/quote]Exactly
June 10, 2009 at 6:16 PM #413953jpinpbParticipant[quote=Arraya]paying back the UAW for all the contributions to Obama’s campaign for election.
haha.. Do you know how much the UAW contributed to his campaign? And really should we even get upset when a politician pays back it’s contributors. It is the status quo in DC. But still 38 million from wall street compared to 400K from the ever shrinking, almost gone forever UAW. That don’t buy you much in DC. As JP morgan dines on the corpse of GM.
[/quote]Exactly
June 10, 2009 at 6:16 PM #414105jpinpbParticipant[quote=Arraya]paying back the UAW for all the contributions to Obama’s campaign for election.
haha.. Do you know how much the UAW contributed to his campaign? And really should we even get upset when a politician pays back it’s contributors. It is the status quo in DC. But still 38 million from wall street compared to 400K from the ever shrinking, almost gone forever UAW. That don’t buy you much in DC. As JP morgan dines on the corpse of GM.
[/quote]Exactly
June 10, 2009 at 6:16 PM #413394jpinpbParticipant[quote=Eugene]
So was it Supreme Court or Barack Obama that decided … whatever it is you say it decided? Last I checked, the Supreme Court was very conservative. Out of nine judges, two were appointed by Reagan, two by Bush Senior, and two by Bush Junior. They are no friends of Barack Obama.
[/quote]Good point. Realizing that nowadays they are all in the same boat:
June 10, 2009 at 6:16 PM #413630jpinpbParticipant[quote=Eugene]
So was it Supreme Court or Barack Obama that decided … whatever it is you say it decided? Last I checked, the Supreme Court was very conservative. Out of nine judges, two were appointed by Reagan, two by Bush Senior, and two by Bush Junior. They are no friends of Barack Obama.
[/quote]Good point. Realizing that nowadays they are all in the same boat:
June 10, 2009 at 6:16 PM #413879jpinpbParticipant[quote=Eugene]
So was it Supreme Court or Barack Obama that decided … whatever it is you say it decided? Last I checked, the Supreme Court was very conservative. Out of nine judges, two were appointed by Reagan, two by Bush Senior, and two by Bush Junior. They are no friends of Barack Obama.
[/quote]Good point. Realizing that nowadays they are all in the same boat:
June 10, 2009 at 6:16 PM #413948jpinpbParticipant[quote=Eugene]
So was it Supreme Court or Barack Obama that decided … whatever it is you say it decided? Last I checked, the Supreme Court was very conservative. Out of nine judges, two were appointed by Reagan, two by Bush Senior, and two by Bush Junior. They are no friends of Barack Obama.
[/quote]Good point. Realizing that nowadays they are all in the same boat:
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