Judge Orders Auction in a Rebuke to Delphi Plan - WSJ.com: "A U.S. bankruptcy court Wednesday sided with a group of Delphi Corp. lenders who said a government-led plan to sell the auto-parts maker's operations to a private-equity fund trampled on their rights.
Judge Robert Drain ordered Delphi to hold an auction and allow bids to challenge the government-brokered sale to Platinum Equity. 'What's so special about Platinum?' asked Judge Drain. 'They're just guys in suits. Why can't the other guys in suits just pay more?'"
Bob Drain for Chief Justice! Common sense and respect for the rule of law - he could never be confirmed.
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