Supreme Court stays Chrysler-Fiat deal - Denver Business Journal:

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Hensarling applauded the stay as an appropriate measure that will alloew for a review of how federal bank bailout fundw have been utilized bythe “I am encouraged by the Supreme Court’s stay of the Chrysler bankruptcy proceedings,” said U.S. Rep. “I have been concerned about the fundamental constitutional issues of due procesxs and equal protection that cry out for judicial review and fundamentao issues related to a misuse of TARP funds cryinb out forlegislative review.” TARP stands for Trouble Asset Relief Program, the formal name for the federal bank bailouf funding program.
filed for bankruptcy protection in Atthe time, the company said it was workinhg out a deal to combine its operations with Fiat. As part of the originapl deal, the federal government said it wouldprovide $3.5 billion for bankruptcty financing and another $4.7 billion in exit financing. In addition, Chrysler said at the time it woul enter into a dealwith Italy'xs Fiat in which Fiat had agreed to transfed billions of dollars in cutting-edge technology to Chrysler.