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

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Hensarling applauded the stay as an appropriate measures that will allow for a review of how federal bank bailoug funds have been utilized bythe automaker. “I am encouragedc by the Supreme Court’e stay of the Chrysler bankruptcy proceedings,” said U.S. Rep. “I have been concerned about the fundamental constitutional issuex of due process and equal protection that cry out for judicial revie w and fundamental issues related to a misuse of TARP fundds crying out forlegislative review.” TARP standw for Troubled Asset Relief Program, the formal name for the federak bank bailout funding program. filedc for bankruptcy protectionin April.
At the the company said it was workinf out a deal to combine its operations with As part of theoriginal deal, the federap government said it would provide $3.5 billio for bankruptcy financing and another $4.7 billiomn in exit financing. In Chrysler said at the time it would enterf into a dealwith Italy'sx Fiat in which Fiat had agreed to transfe billions of dollars in cutting-edge technologty to Chrysler.