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Discussion in 'Politics & World News' started by $tinkle, Jul 18, 2013.
Detroit files for bankruptcy
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From the WSJ:
But I'm sure that the Republicans who rammed this through over the will of the people of Michigan really have all those poor people's best interests at heart, right?
since we're insinuating party politics where it may (or may not) belong, when's the last time a republican was mayor of detroit?
Are you saying that the mayor of Detroit has *any* control over the city declaring bankruptcy? Or did you miss the fact that Snyder and the Republicans rammed through the Emergency Manager law last year after the people overturned it in a referendum?
An unelected man hand-picked by the Governor with zero culpability to the people he's overseeing and shoving state-mandates down on the local municipalities? Republicans would hate it if they weren't the ones doing it...
Legal precedent and debt structuring have all available funds be paid out in this order:
Due wages, taxes, loans, secured debt, unsecured debt, equity holders
It sucks to be the people on the receiving end, but every pension can be cashed in and converted into an IRA. Unsecured bondholders know their risk when they purchase a high default risk bond, and are paid accordingly via coupon rate.
It's not like there was no warning that Detroit was on the path to default. If you can't get out from in front of that train, it's your fault.
will of the people....california comes to mind....
at least he has the good taste to yield to their will
78,000 abandoned buildings, 66,000 empty lots, 40% of the street lights dont work, 16% unemployment rate, 5x the national violent crime rate. awesome
as if it needs pointing out, republicans hate black people
and black republicans have the unique distinction of also hating themselves
especially those named 'Unique' (various spellings)
....my twin daughters Monique and Unique.....
THe motor city should just be sold to JP Morgan.
...or give it straightaway to the Koch brothers as they are already trying to bury it under mor toxic ****.
"i'm your pusher" is their theme song.
I say we sell Texas back to Mexico to pay off the debt. No doubt with all the drug money they could probably gather enough $$$ to do it and everyone would benefit. Mexico is a christian nation, texas is a christian nation, mexico is about unregulated capitalism, texas is about unregulated capitalism. It's a match made in heaven. Every so often I get these absolutely genius ideas...
Also probably not stupid enough to want Texarse anymore.
from helen thomas' obit:
damn, she was 92, so i'm guessing this 'powerhouse' era predates tucker & edsall
Nothing to see here, just free market capitalism at work. Move along folks, move along...
can't move along
busses don't run no more
Headed back to Detroit for a reunion this weekend.
Looking forward to cruising my old playground and showing the boys where I grew up.
Hoping the car won't get stolen, like the 6 that were when I lived there.
syadasti....human or search engine?
certainly not a frankie smith fan