After weeks of White House threats and media cover-up, Chrysler’s remaining debt holders got their day before the Supreme Court Tuesday . . . and lost. The decision was no surprise to legal experts who say Chrysler’s restructuring was simply too far down the road to reverse. No doubt, this entire episode would have been different if a Republican administration had sought to rip up bankruptcy laws to benefit political allies. The media watchdog would have barked, fundamentally changing the playing field.
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