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2012-12-07 Economy
Detroit prepares to file for bankruptcy
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Posted by DarthVader 2012-12-07 11:25|| E-Mail|| Front Page|| [760 views ]  Top

#1 A nice clean BK and a brand spankin' new right to work law might be just the ticket for America's first third world city.
Posted by Iblis 2012-12-07 11:41||   2012-12-07 11:41|| Front Page Top

#2 Oh Darn... Right when America was ready to take off.
Posted by airandee 2012-12-07 13:35||   2012-12-07 13:35|| Front Page Top

#3 But it's the responsible and necessary thing to do, whatever the protests from the elected officials whose denial and self-delusion are hastening the arrival of a reckoning they can no longer avoid.

They're still waiting for Senator John Frum and the Beltway air force to air-drop 'the bacon'.
Posted by Pappy 2012-12-07 13:53||   2012-12-07 13:53|| Front Page Top

#4 The second set of books (A work of ART!) are being burned as we speak.
Posted by mojo 2012-12-07 13:54||   2012-12-07 13:54|| Front Page Top

#5 So the rest of the Michigan and the country will have to pay for the dipwads who were elected and the corruption of these dipwads?

The D9 solution might be considered. Does Public Act 72 and Chapter 9 allow for that solution? Might also consider tossing in front of the D9 the mayors and council people who allowed this debacle to occur.
Posted by JohnQC 2012-12-07 14:06||   2012-12-07 14:06|| Front Page Top

#6 Ripley: I say we take off and nuke the entire site from orbit.
Posted by Procopius2k 2012-12-07 16:28||   2012-12-07 16:28|| Front Page Top

#7 Having just returned from a trip to the Motor City, I have to say large expanses look like they were nuked already. Although, I was impressed by how clean Rosa Parks Blvd. was - no doubt due to the complete absence of people.
Posted by SteveS 2012-12-07 16:37||   2012-12-07 16:37|| Front Page Top

#8 Rosa Parks Blvd, no people, no buses. Oh the irony.
Posted by Besoeker 2012-12-07 16:46||   2012-12-07 16:46|| Front Page Top

#9 Actually it's Michigan that is preparing for Detroits Bankruptcy, Detroit ain't having none of it, not even hiring counsel as of yet. This is going to happen very quickly, which might even be a good thing.
Posted by Shipman 2012-12-07 16:48||   2012-12-07 16:48|| Front Page Top

#10 Raaaaaaaacists!

(Somebody had to say it....)
Posted by Barbara 2012-12-07 16:51||   2012-12-07 16:51|| Front Page Top

#11 Good riddance.
Posted by Redneck Jim 2012-12-07 18:42||   2012-12-07 18:42|| Front Page Top

#12 So the rest of the Michigan and the country will have to pay for the dipwads who were elected and the corruption of these dipwads?
PLEASE NOTE: 11/7/12: "In a victory for unions and grassroots organizers, Michigan voters struck down a law that allowed state-appointed emergency managers to renegotiate union contracts, change pension agreements and sell public assets to right the finances in fiscally-troubled communities.

Michiganders voted 52 percent to 48 percent, with 94 percent of precincts reporting, to strike down a referendum on Public Act 4. The law has been suspended since August, when opponents of the bill won a court decision to have the referendum placed on the ballot."
Public Act 4 would have streamlined the resolution of Detroit's situation & most likely would helped more than it hurt. But the Michigan electorate didn't like it because it didn't favor their precious public unions & public union bennies. Michiganders as a group now richly deserve paying for those Detroit dipwads. IMHO.
Posted by Anguper Hupomosing9418 2012-12-07 20:07||   2012-12-07 20:07|| Front Page Top

23:03 SteveS
22:41 Nero
22:09 JosephMendiola
21:49 JosephMendiola
21:43 Korora
21:28 JosephMendiola
21:26 JosephMendiola
21:22 JosephMendiola
21:19 JosephMendiola
21:07 JosephMendiola
21:03 JosephMendiola
20:56 borgboy
20:45 SteveS
20:15 Anguper Hupomosing9418
20:11 Anguper Hupomosing9418
20:10 SteveS
20:10 Pappy
20:07 Anguper Hupomosing9418
20:02 Anguper Hupomosing9418
19:51 Barbara
19:48 Barbara
19:44 tu3031
19:36 tu3031
19:15 Thing From Snowy Mountain

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