Detroit's bankruptcy

[blacksheep]

F Detroit and any one else who thinks we should bail out these assholes.


http://finance.yahoo.com/news/judge-stops-lawsuits-against-detroit-182534617.html

[Oswald Bastable]

F Detroit and any one else who thinks we should bail out these assholes.


http://finance.yahoo.com/news/judge-stops-lawsuits-against-detroit-182534617.html

Haven't you heard? The latest leftist meme attempt is that Detoilet's government wasn't big enough and it was a republican/conservative utopia.

Apparently the koolaid has caused such irrepairable brain damage that any semblance even remotely resembling reality no longer exists.

[stinker]

Haven't you heard? The latest leftist meme attempt is that Detoilet's government wasn't big enough and it was a republican/conservative utopia.

Apparently the koolaid has caused such irrepairable brain damage that any semblance even remotely resembling reality no longer exists.

All characters appearing in this city are fictitious. Any resemblance to real persons, living or dead, is purely coincidental.

[turdypointbuck]

Man I tell ya I'm only 34 but this country has gotten so much worse in the last 10 years..its accelerating quicker and quicker!!

[was_peacemaker]

Man I tell ya I'm only 34 but this country has gotten so much worse in the last 10 years..its accelerating quicker and quicker!!

A child of the 80's here myself. And boy are you on the nail...you know this crap would not have happened in the Regan Admin!

[Kadmos]

A child of the 80's here myself. And boy are you on the nail...you know this crap would not have happened in the Regan Admin!

Where do you think Chrysler was when Reagan bailed it out? That was the one that gave us the phrase "too big to fail". That was far from the only bailout Reagan did, the S&L bailout probably being the largest most well known.

[Gunner1558]

After only 57 years of dumbocrap control...

It's a wonder it has lasted this long.

[weevil]

After only 57 years of dumbocrap control...

It's a wonder it has lasted this long.


Kwame Malik Kilpatrick (born June 8, 1970) is a former United States politician who was a Michigan state representative and mayor of Detroit. Kilpatrick's mayorship was plagued by numerous scandals and rampant accusations of corruption, with the mayor eventually resigning after being convicted on felony counts, including perjury and obstruction of justice. Kilpatrick was sentenced to four months in jail after pleading guilty, but with good time awarded to county jail inmates in Michigan, he was released on probation after serving 99 days. On May 25, 2010, he was sentenced to 18 months to 5 years in prison for violating his probation, and served time at the Oaks Correctional Facility in northwest Michigan.

On March 11, 2013, Kilpatrick was convicted on 24 additional federal felony counts, including mail fraud, wire fraud, and racketeering. The conviction stemmed from a 38-charge felony indictment, in what a federal prosecutor called a "pattern of extortion, bribery and fraud" by some of Detroit's most prominent officials. His sentencing was expected before the end of April 2013. But as of June 25, 2013, a sentencing date had not been set.


http://upload.wikimedia.org/wikipedia/commons/thumb/0/01/Kwame_Kilpatrick.jpg/513px-Kwame_Kilpatrick.jpg


Gee I can't imagine why the place is falling apart with the voters electing men of such high caliber.

The crooks took charge and ran a great city straight into the ground.


I wonder how long before Chicago goes under?

http://www.foxnews.com/politics/2013/07/22/detroit-bankruptcy-raises-concerns-about-other-us-cites-under-huge-retiree-debt/

Gee what are they gonna do now that those pension funds they've been looting all this time are coming up dry?

[JTHunter]

Man I tell ya I'm only 34 but this country has gotten so much worse in the last 10 years..its accelerating quicker and quicker!!


A child of the 80's here myself. And boy are you on the nail...you know this crap would not have happened in the Regan Admin!

So how do you two thing this increasingly fast slide is affecting those of us almost twice your age?
After all, many of us think Life runs too fast already! :rotflmbao:

[LAGC]

Where do you think Chrysler was when Reagan bailed it out? That was the one that gave us the phrase "too big to fail". That was far from the only bailout Reagan did, the S&L bailout probably being the largest most well known.

Shit, in today's Republican Party, Ronnie Raygun would be demonized and kicked out for being a "RINO" quicker than you can say "1986 amnesty for illegals."

http://www.npr.org/templates/story/story.php?storyId=128303672

:wow:

[was_peacemaker]

Where do you think Chrysler was when Reagan bailed it out? That was the one that gave us the phrase "too big to fail". That was far from the only bailout Reagan did, the S&L bailout probably being the largest most well known.

Don't you know...the K Car bailed Chrysler out.

[Full Otto]

I'm not seeing anything about a bailout in the article

DETROIT (AP) -- A federal judge agreed with Detroit on Wednesday and stopped any lawsuits challenging the city's bankruptcy
.................
That's not to say it won't come up and given the history lesson we are getting here I guess we could add Jimmy Carter's guaranteed loan in 1980 even though that's Crysler again not Detroit and was paid back
Guess that just goes along with the old quote:
"Socialist governments traditionally do make a financial mess. They always run out of other people's money. It's quite a characteristic of them."

Doesn't seem to matter where it comes from

[5.56NATO]

It's 0bama's plan for America.


http://www.youtube.com/watch?v=1hhJ_49leBw