Bailout Fail: Ford Drops Debt, while GM and Chrysler Flounder
After months of pressure from the federal government to push down General Motors’s and Chrysler’s debt loads, a deal remains far out of reach. With… Read More
After months of pressure from the federal government to push down General Motors’s and Chrysler’s debt loads, a deal remains far out of reach. With… Read More
Rule of law? Who needs it! That seemed to be the message of the Obama Administration as it seeks to maneuver around restrictions imposed by… Read More
LawNews
Ed Whelan has a strong column in yesterday’s Washington Post on the Attorney General’s attempt to suppress an Office of Legal Counsel opinion concluding that… Read More
Chalk up a big loss for constitutional rule of law, thanks to an Obama Administration sleight-of-hand reported on the front page of today’s Washington Post…. Read More
All bankruptcies are not created equal. For months, Heritage and other conservatives have counseled that the proper course for an ailing automaker is the same… Read More
The decision in the blockbuster case of Wyeth v. Levine is just out, and Lyle Dennison’s early commentary is here. To summarize: In an opinion… Read More
(Commentary by Heritage’s Brian Walsh) The Supreme Court yesterday decided not to consider an important case, Sorich v. U.S., on the meaning and scope of… Read More
An hour later than promised, General Motors submitted a restructuring plan to the Treasury calling for an additional $17 billion in government funds, on top… Read More
We don’t have the plan, yet, but we already know the bottom line: $5 billion. That’s how much money private-equity-owned Chrysler LLC wants from federal… Read More
A small provision slipped into the stimulus (PDF) by Sen. Chris Dodd is making big waves in the banking and finance industries. The last-minute addition… Read More
Trial lawyer Neil Fineman brought a class action lawsuit on behalf of customers of a department store who were asked to provide personal information to… Read More
Is it any coincidence that on the same day that the Obama Administration announces restrictions on executive pay for companies taking government bailout money, Goldman… Read More
Policies premised more on class-warfare than sound economics, are not going to get us out of this recession. They may actually delay recovery. In my… Read More
Policies premised more on class-warfare than sound economics, are not going to get us out of this recession. They may actually delay recovery. A case… Read More
While the Obama Administration waffles on openness and transparency (see here and here), private citizens are stepping in to fill the void. The Heritage Foundation… Read More
Strike Two: Not only did President Obama fail to open the Ledbetter Act for public comment before he signed it, a violation of his pledge… Read More
But for handing over gobs of cash with no strings attached, it would be harder to imagine a more sweetheart deal for the auto industry:… Read More
Let’s say you decide tomorrow that you want to attend the inauguration the week after next. And let’s assume that, like most Americans, you do… Read More
One failure of news coverage of the Lilly Ledbetter Fair Pay Act—which would open the courts to claims of pay discrimination dating back years or… Read More
(Post by Heritage Senior Legal Research Fellow Brian Walsh) A new year, a new Congress, and already the march of overcriminalization is underway. Without engaging… Read More
This morning the President announced that his Administration, acting unilaterally after Congress declined to intervene, will bail out the auto industry to the tune of… Read More
With the Senate’s rejection of a bailout for Detroit’s ailing automakers, there now comes word that President Bush is actively considering using funds allocated by… Read More
A key provision of proposed legislation to bailout General Motors and Chrysler, which say they are on the brink of insolvency, may be an unconstitutional… Read More
Jury selection begins today in the trial of Lori Drew, indicted by federal prosecutors for using false information to create a MySpace account. Yes, that’s… Read More
On January 20, 2009, a new President will enter office. Both John McCain and Barack Obama have said that they would shut down the detention… Read More
Forget the over-hyped bogeymen net neutrality and the ever-more-omniscient Googleplex. The real threat to Internet freedom comes from plain old criminal law. In three weeks… Read More
Many have noted that the so-called “Filip Memorandum,” DOJ’s effort to forestall legislation limiting its ability to force companies to waive the attorney-client privilege, does… Read More
From triumph to terror—that’s the likely emotional roller coaster of the denizens of the “/b” message board on the 4chan website who hacked into Gov…. Read More
As Americans watch the financial markets agog at what’s next and tighten belts for fear of slowdown or even recession, Congress chugs merrily along on… Read More
Picture this: Hard-left activists busing thousands of the homeless and shelter residents to the polls for same-day registration and voting. What could possibly go wrong?… Read More
