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Thread: Detroit Files for Largest Municipal Bankruptcy in US History

  1. #11
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    Re: Detroit emergency manager files bankruptcy

    Quote Originally Posted by ttwtt78640 View Post
    Watch as state/federal money is given to the "needy" gov't/union employees while all others are told to accept pennies on the dollar.
    That will be the liberal plan just like the California plan is to get Federal tax dollars to bail them out. Bankruptcy is a different animal though, should get interesting.

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    Re: Detroit emergency manager files bankruptcy

    Quote Originally Posted by Gimmesometruth View Post
    The bankruptcy was just filed, this is an issue that should be duplicated as maybe it might just sink in to the liberal mind.

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    Re: Detroit emergency manager files bankruptcy

    Is there any other option here BESIDES a federal bail out?

    It's going to look pretty bad if Detroit is left to twist in the wind after we bailed out Wall Street.
    Quote Originally Posted by Bucky View Post
    I have pooped in public, even in public neighborhoods.

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    Re: Detroit Files for Largest Municipal Bankruptcy in US History

    Quote Originally Posted by Josie View Post
    UPDATE: Detroit Files for Largest Municipal Bankruptcy in U.S. History | TheBlaze.com

    From the Associated Press:
    Detroit has become the largest city in U.S. history to file for bankruptcy.
    State-appointed emergency manager Kevyn Orr on Thursday asked a federal judge permission to place the city into Chapter 9 bankruptcy protection.
    Detroit- March 23: Buildings in an entire city block in what was once Detroit’s prime business district sit largly abandoned March 23, 2011. The new census figures show that Detroit has lost 25 percent of its population in the last ten years, bringing the city’s population down to its lowest since 1910. (photo by Bill Pugliano/Getty Images)


    Detroit — once the epicenter of the American auto industry — may file for federal bankruptcy as early as Friday morning, the Free Press reports.
    “The filing would begin a 30- to 90-day period that will determine whether the city is eligible for Chapter 9 protection and define how many claimants might compete for the limited settlement resources that Detroit has to offer,” the report notes.
    “The bankruptcy petition would seek protection from creditors and unions who are renegotiating $18.5 billion in debt and other liabilities,” it adds....
    Sorry, Josie, but you beat me by about 9 minutes. We have a duplicate thread here. My apology

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    Re: Detroit emergency manager files bankruptcy

    Quote Originally Posted by Jack Fabulous View Post
    Is there any other option here BESIDES a federal bail out?

    It's going to look pretty bad if Detroit is left to twist in the wind after we bailed out Wall Street.
    Better those morons that elected morons be allowed to suffer for their actions than simply all of those in the entire state/nation.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: Detroit emergency manager files bankruptcy

    Quote Originally Posted by Conservative View Post
    Detroit emergency manager files bankruptcy - Chicago Sun-Times

    Amazing how successful the liberal economic policies are for major cities in this country. This is the largest city in the nation to file for bankruptcy with more to come. Liberals better wake up



    Are you saying that the GOP can stay asleep?




    "Better days are coming." ~ But not for today's out of touch, running out of time, GOP.

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    Re: Detroit emergency manager files bankruptcy

    Quote Originally Posted by ttwtt78640 View Post
    Better those morons that elected morons be allowed to suffer for their actions than simply all of those in the entire state/nation.
    I have no sympathy for those who are responsible for this. A good portion of it is criminal, IMO. But kids still need to go to school, they still need cops, firefighters, etc..

    What a mess.
    Quote Originally Posted by Bucky View Post
    I have pooped in public, even in public neighborhoods.

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    Re: Detroit emergency manager files bankruptcy

    Quote Originally Posted by Jack Fabulous View Post
    I have no sympathy for those who are responsible for this. A good portion of it is criminal, IMO. But kids still need to go to school, they still need cops, firefighters, etc..

    What a mess.
    The corruption in major cities around the nation is going to lead to more of this and the Obama Administration is going to try and use federal taxpayer dollars to bail these cities out.

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    Re: Detroit emergency manager files bankruptcy

    Next to file....the entire state of California.

    And yes, Obama will ask the red states to bail them out.

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    Re: Detroit Files for Largest Municipal Bankruptcy in US History

    Next to file....California.

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