Detroit files for bankruptcy

[Petsamo]

I'm surprised it took them this long to file BK.

 

[LEAPup]

Detroit got exactly what Detroit asked for. Oh yes, I know...it's all Bush's fault.

 

[JamesL]

"Robocop" predicted this scenario more than 25 yrs ago.

 

[TGregg]

Quote from Max E. Pad:

During a month of negotiations, Orr has reached a settlement with only two creditors: Bank of America Corp. and UBS AG. They have agreed to accept 75 cents on the dollar for approximately $340 million in swaps liabilities, according to a source familiar with the deal.

Nice. BoA and UBS (both buds of the current adminstration) get 75 cents on the dollar while the rest of the losers get a dime. Then Obama shows up and guarantees loans (provided Detroit goes to BaC and UBS), LOL.

What a scam. Typical libtard racism and hypocrisy.

 

[gwb-trading]

 

[LEAPup]

Quote from TGregg:

Nice. BoA and UBS (both buds of the current adminstration) get 75 cents on the dollar while the rest of the losers get a dime. Then Obama shows up and guarantees loans (provided Detroit goes to BaC and UBS), LOL.

What a scam. Typical libtard racism and hypocrisy.

LOL!!!!!!!!! Good post! And all I can say is, this shit can't be made up! No wonder Hollywood is going broke. There's crazier shit going on in America than even those flakes in weirdville can write.:eek:

 

[LEAPup]

Quote from gwb-trading:

Thanks! And yes, this says it all. Hope you don't mind me borrowing this for some emails to Friends. All I can say is wow...

 

[pspr]

Quote from gwb-trading:

That's sad. Another example of liberal rule.

 

[peilthetraveler]

http://www.detroitmi.gov/Department...122013AdoptedBudget/20122013AgencyBudget.aspx


Check that out. Almost EVERY job in city government pays over $100k per year. There were a FEW that paid less than $100k. For instance...the guy that collects the coins from meters only gets $60k per year.

By comparison a biomedical engineer has an average salary of $50k per year. Why shouldnt a black high school dropout make more than him for picking up coins?

 

[gwb-trading]

HOW THE DEMOCRATS DESTROYED DETROIT
http://www.discoverthenetworks.org/viewSubCategory.asp?id=1880