Elena Kagan in Shortest Way Home, by Pete Buttigieg


On Corporations: 2009: Argued before Supreme Court favoring Chrysler bailout

[Richard Mourdock, the Treasurer of Indiana,] realized that Indiana's pension funds owned some Chrysler bonds, and reasoned that this might give him standing in court to challenge the [automobile bailout bill. On May 29 2009, New York's federal bankruptcy court rejected the motion. Mourdock appealed. On June 5, the appeals court also affirmed the sale [so it went to the Supreme Court].

Solicitor General Elena Kagan responded for the administration, reminding the Supreme Court and the country of what was at stake. "The liquidation of Chrysler would have very severe effects on the American and Canadian economies. More than 38,000 Chrysler employees would lose their jobs; 23 manufacturing facilities and 20 parts depots will be shuttered; more than 3,000 Chrysler dealers would suffer significant harm to their businesses; and billions of dollars in health and pension benefits would be wiped out." The Supreme Court denied the stay. The sale could go forward--as it did, the next day.

Source: Shortest Way Home, by Pete Buttigieg, p. 86-7 Feb 12, 2019

The above quotations are from Shortest Way Home
One Mayor's Challenge and a Model for America's Future

by Pete Buttigieg
.
Click here for other excerpts from Shortest Way Home
One Mayor's Challenge and a Model for America's Future

by Pete Buttigieg
.
Click here for other excerpts by Elena Kagan.
Click here for a profile of Elena Kagan.
Please consider a donation to OnTheIssues.org!
Click for details -- or send donations to:
1770 Mass Ave. #630, Cambridge MA 02140
E-mail: submit@OnTheIssues.org
(We rely on your support!)

Page last updated: May 21, 2019