3 years ago
via
Twitter
about Barack Obama
Where in the US Constitution does it permit Obama to dictate what the GM bondholders are entitled to? Doesn't bankruptcy court decide that?
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M$1 Answer
Not all laws, provisions, bills, agreements, etc, are necessarily covered by the Constitution. It is up to the three branches of gov't (executive (Pres), legislature (Congress/Senate), judicial (Supreme Court)) to determine the legality or even workability of any such via "checks and balances". Unfortunately, "checks" often bounce causing people to lose their "balances". ;)
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