Showing posts with label Chrysler. Show all posts
Showing posts with label Chrysler. Show all posts

Tuesday, May 5, 2009

An Inconvenient Amendment

Amendment 5-Trial and Punishment, Compensation for Takings.
Ratified 12/15/1791

No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a Grand Jury, except in cases arising in the land or navel forces, or in the Militia in actual time of War or public danger, more should any person be subject for the same offence to be twice put in jeopardy of life or limb; nor shall be compelled in any criminal case to be a witness against himself, nor be deprived of life liberty, or property without due process of law; nor shall have private property taken for public use without just compensation.

Ah..."Taking the Fifth.. double jeopardy".. I get that, but it's the last line that protects an executed contract, one that is signed by two agreeing parties, from being broken by a third and it's causing the White House trouble because some pesky first lien holders are demanding their rights under the Fifth.
They are GASP! standing up to Barack and crew.
The Big O has called them selfish, ...no matter that he has rescinded vouchers that provided hope to some DC ghetto kids who were attending the same school as his daughters, stranding them with little hope for a decent education,...... it's these people who are selfish because they prefer to get the most they can from their investments in Chrysler. You see, Mr. Obama wanted them to take less so he could redistribute their $$ to other lien holders who aren't in first place.

I hope you'll take time to read this article. It's scary, but also a ray of hope.. if these groups and their attorney Thomas Lauria can sick by their rights, it will be a victory for the Constitution and for the rights of the American people.