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    this BK case will be very much followed by other...

    this BK case will be very much followed by other municipalities and unions...
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    lol but you'd be surprised how many millions...

    lol but you'd be surprised how many millions BELIEVE MSNBC....

    this is the end of the so called secured debt status for civil servants pensions and health care that are killing so many cities...
  • http://www.cnbc.com/id/100674600 BINGO ! green...

    http://www.cnbc.com/id/100674600
    BINGO ! green light. aka the end of secured debt status for civil servants pensions and health coverage ?...

    Judge halts lawsuits seeking to block Detroit...
  • watch carefully what will happen. this might be a...

    watch carefully what will happen. this might be a dramatic (but overdue!!) turn against the so called "secured" debt
    that unions consider pensions and health care obligations to be...
    ...
  • guys it all started with Clinton: " a house for...

    guys it all started with Clinton: " a house for everybody" or banks would be fined for not granting mortages !!
    insane policy. time released effect: policy: 1992ish side effect: 2007...

    add...
  • http://www.zerohedge.com/news/2013-07-21/25-facts-...

    http://www.zerohedge.com/news/2013-07-21/25-facts-about-fall-detroit-will-leave-you-shaking-your-head

    6) There are lots of houses available for sale in Detroit right now for $500 or less.

    mmh,...
  • Perhaps it's time the US copy the relationship of...

    Perhaps it's time the US copy the relationship of IG METAL (Germany's most powerful Union) with German big companies. does go pretty smooth.
    not much demonstrations or strikes. good cooperation...
  • Methinks the discussion has to now go into the...

    Methinks the discussion has to now go into the real reasons of GM collapse and the gvt bailout and the relations with Unions to help understand one (not THE sole) reason of Detroit BK
    Again large...
  • +1.

    +1.
  • http://www.forbes.com/sites/johntamny/2013/07/21/t...

    http://www.forbes.com/sites/johntamny/2013/07/21/the-unions-didnt-bankrupt-detroit-but-great-american-cars-did/?partner=yahootix

    "The Unions Didn't Bankrupt Detroit, But Great American Cars Did"
    ...
  • "LMAO Word is they can never win another national...

    "LMAO Word is they can never win another national election": who are they ? demos or reps ?

    'cause by purely looking at demographics and economics (general terms), it's getting harder and harder...
  • euh, I advise you to read the wikipedia...

    euh, I advise you to read the wikipedia background on Detroit, linked earlier in the thread.
    the mayoral govt of Detroit and overal Federal/political oversight-control have had a lot more influence...
  • a BK judge HAS just been assigned, the case is...

    a BK judge HAS just been assigned, the case is going through.
    S Rhodes is a tough highly experienced judge. and his selection to handle Detroit BK is by republican authority. this is going to be...
  • coming: (notice linked posted earlier about part...

    coming: (notice linked posted earlier about part of Detroit residents wanting a wall to be raised...)
    http://drnorth.files.wordpress.com/2013/07/world-war-z-zombie-swarm.jpg
    wait till accross the...
  • if you look at Detroit history since post WWII up...

    if you look at Detroit history since post WWII up til now, the pattern towards BK is self explanatory...
    it's not Michigan State tax that killed it.......
    the bulk of a business income or private...
  • it's too late. cf Palin/Cruz or whichever Rep...

    it's too late. cf Palin/Cruz or whichever Rep tickets.
    the demographics have changed so much, the mass of the population being "assisted" has grown so big, it's over for Reps.
    and real...
  • http://www.usatoday.com/story/news/nation/2013/07/...

    http://www.usatoday.com/story/news/nation/2013/07/19/judge-selected-to-oversee-detroit-bankruptcy/2570417/
    DETROIT -- U.S. Bankruptcy Judge Steven Rhodes, one of Detroit's most experienced judges,...
  • mmh...

    mmh ...:http://en.wikipedia.org/wiki/Detroit#Politics
    "Politics

    Politically, the city consistently supports the Democratic Party in state, local and national elections. According to a study...
  • ? to you, who's reponsible for Detroit collapse...

    ?
    to you, who's reponsible for Detroit collapse ?
    it's gonna be a fight between the judge (D) and the governor (R)for sure
    the only smart cookies are 2 banksters who managed to get paid (paid !)...
  • oops cop who released today photos of that... ...

    oops cop who released today photos of that... off the boat upon his arrest, has been.. suspended (and probably will be fired)

    move on...
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