This decision will flip the switch to ON for the online short term tribal lending model. Gentlemen, fire up your portfolios!
WASHINGTON, DC – Today, in a stunning victory for Indian tribes, the Supreme Court of the United States issued its opinion in Michigan v. Bay Mills Indian Community, reaffirming the doctrine of tribal sovereign immunity. In a 5-to-4 decision, Justice Kagan, joined by Chief Justice Roberts, Justices Kennedy, Breyer and Sotomayor, upheld the lower court’s decision that Indian tribal governments posses sovereign immunity against lawsuits, including lawsuits brought by state governments, and reaffirmed the principle that it is for Congress, not the Court, to determine the circumstances where Indian tribes should be subject to suit. In an unexpected development, Read More http://www.ncai.org/news/articles/2014/05/27/supreme-court-upholds-tribal-sovereign-immunity-in-michigan-v-bay-mills
So, does this piss you off? Or, does it open your dam? Or maybe you don’t have a clue! TELL ME!!!