Bailout Takings Cases

One might assume that “takings” would be a remote issue when it comes to the federal bailout of the automobile and financial services industries during the economic crisis of a few years ago.  After all, if the government spent billions of taxpayer dollars to protect particular companies, and the economy as a whole, from going over a cliff, how could the government be accused of taking anything?  But if one made this assumption, one would turn out to be wrong.  Two ongoing cases illustrate the point. Read on …