Article

2013-06-15 Economy

Detroit Emergency Manager Proposes Plan To Creditors

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Posted by Fred 2013-06-15 00:00|| || Front Page|| [11125 views ] Top

#1 Investment advisers often recommended investing in safe secure government bonds even though the returns are not great.

Posted by BernardZ 2013-06-15 07:36|| 2013-06-15 07:36|| Front Page Top

#2 tax-free muni bonds aren't such a great deal if you're forced to take a 90% haircut, are they?

Posted by Frank G 2013-06-15 08:40|| 2013-06-15 08:40|| Front Page Top

#3 If we can't bail out of the U.N., moving the U.N. to Detroit might be considered. Both are failed, corrupt, organizations that are unlikely to get better.

Posted by JohnQC 2013-06-15 08:55|| 2013-06-15 08:55|| Front Page Top

#4 The plan also includes sweeping changes to pension and health care benefits

That meeting should be, as they say, quite contentious. Buyers remorse has way of putting one in a foul mood.

Posted by DepotGuy 2013-06-15 10:37|| 2013-06-15 10:37|| Front Page Top

#5 The plan also includes sweeping changes

You say sweeping changes, I say financial ass-rapery. To-may-to, To-mah-to.

Posted by SteveS 2013-06-15 12:47|| 2013-06-15 12:47|| Front Page Top

#6 You say sweeping changes, I say financial ass-rapery. To-may-to, To-mah-to.

Unkeepable promises tend not to be kept, SteveS. The warnings have been out there since the 90s, that I've been aware of.

Posted by trailing wife 2013-06-15 21:19|| 2013-06-15 21:19|| Front Page Top

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