Let's play "name that party"? He's graciously declined a severance package but is running a step ahead of the FBI investigation. Expect he'll take the 5th
Jon Corzine has resigned as MF Global Holdings chief executive officer and chairman, the brokerage firm said Friday.
The former New Jersey governor confirmed he will not seek severance pay in connection with his resignation from the bank, which filed for bankruptcy on Monday.
Posted by: Frank G ||
11/04/2011 08:04 ||
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After being mismanaged and looted for years almost beyond counting by a series of Democrat administrations...
(Reuters) - Detroit is in "extremely serious financial condition" ...financially gutted, y'might say...
as it is projected to run out of cash next year and must take action to avoid a state takeover, Mayor Dave Bing said on Thursday. That action, to whit, being to get more money to piss away, preferably from taxpayers, but they'll settle for getting it from the feds...
Michigan's largest city is facing a projected cash shortage of about $150 million by the end of March, a statement from his office said. Looting Grosse Pointe remains an option, of course...
To avoid having a state-appointed emergency financial manager, ... which could possibly put a damper on the local kleptocrats' operations...
the city needs to address pension and health-care costs and "inefficient services" such as transportation and lighting, while labor union contracts need to be renegotiated before their expiration next June, the statement said. And we know how well that's gonna work...
"City government has to live within its means," Bing said in the statement. "Continuing to do business the same way is not an option, given our extremely serious financial condition. ...even though the pressure will continue to be to continue doing business precisely the same way. This is November. He delivered a plan to eliminate the city's deficit the end of April. That's seven months and they're still urinating into the wind...
The last thing I want is for Detroit to be run by an emergency financial manager, whether it's me or someone else." "That might endanger many of our relatives' jobs! Perhaps even some of our own jobs!"
The state said it is not contemplating appointing an emergency manager for Detroit right now. "The choice is now beyond sink or swim. They've sunk. Nothin' we can do to help them."
Terry Stanton, a spokesman for the Michigan Treasurer's Office, said there has been "no predetermination on Detroit's financial status or next steps." "Board up the whole city, turn the lights out, and leave. Best thing for it."
"The first and foremost goal is avoid the need for emergency managers in any Michigan community, including Detroit," Stanton said. Notice that the first and foremost goal isn't to introduce some sort of fiscal sanity.
"There is a clear process that would be followed "It involves revolvers and a fifths of bourbon..."
and at this point, it's inappropriate to speculate on what may happen in the future." "Gone, bebby! That gurgling sound is Detroit going down the national toilet!"
Posted by: Fred ||
11/04/2011 00:00 ||
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#1
Rent it out for Apocalypse movies. Or torch it for the insurance money.
#2
Put the enviro-greenies to work at min-wage returning Detroit to a productive swamp wetlands.
Posted by: Water Modem ||
11/04/2011 1:31 Comments ||
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#3
It would have nothing to do with that governor? No. Heh.
Boortz put it this way "It's a literacy test, those that can read the signs on the freeway know how to leave." I may be paraphrasing here, but it was worth a laugh.
#5
...Having lived in MI for 6 years, let me tell you that a state takeover of Detroit would be, shall we say, interesting. The other 90% of the state (not much of an exaggeration) has for a very long time resented the fact that those morons down in Wayne County have been in the driver's seat. The rest of Michigan is, for the most part, fairly rural and conservative (though not necessarily Republican). The long knives would be out.
Mike
Posted by: Mike Kozlowski ||
11/04/2011 9:54 Comments ||
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#6
Put a wall around it and put all of our prisoners in there. It would be our single prison for violent offenders. Kinda like it is now, but with a wall to keep them there.
#7
I agree w/Mike...having grown up in S.E. Michigan (suburban Detroit), going to college in the state and still having a lot of family and just about all my friends still there - the D is a cess pool - shitty schools, no-account voters, union idiocy. Coleman Young did his best to drive out just about any successful white owned business from the city proper while bilking the tax payers - Kwame was just a symptom to a problem. If you want to laugh hard just google Detroit City Council and watch those clowns for about 5mins conduct a meeting.
When I left for the USMC I pretty much figured I'd never move back to live in MI - at least not near Detroit (not too mention northern winters).
#9
Heard a joke somewhere while back, try to re-tell it.
GM of the Lions was watching the news, TV had footage of the Balkins. Showed a guy throw a hand grenade into the window of a moving car. Then the guy took another grenade and threw it 40 yards into a third story window. GM say, "get me that guy for Quarterback!"
Guy has an excellent season, Lions make the playoffs. He calls his mother, "Mom, we made the playoffs!"
Mother replys sobbing, "Oh son, your father has just been held-up, your sister was raped in broad daylight, and your brother is in the hospital with a gunshot wound! Why oh why did you make us move to Detroit with you!"
#10
Detroit bus system stalled out today due to drivers' complaints of fear for their own safety: Our drivers are scared, theyre scared for their lives. This has been an ongoing situation about security. I think yesterday kind of just topped it off, when one of my drivers was beat up by some teenagers down in the middle of Rosa Parks and it took the police almost 30 minutes to get there, in downtown Detroit, said Gaffney.
#17
The Occupy Wall Street socialists have long ago accomplished their aims in Detroit--not much work to do there. It has been reduced to the status of the third world.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
