[A CA Guy]

Try shady local government.

[Rumplemeyer]

Is this the son of the former mayor?

[Texas Eagle]

"If the lenders were 'shady' and 'predatory' then what does that make the 75 House and 30 Senate members — including then-Rep. Coleman Young II — who voted in 2010 to double how much Detroit could borrow to cover current expenses and paper over its overspending a little longer?"

Compassionate.

I speak Liberalese.

[Texas Eagle]

"If the lenders were 'shady' and 'predatory' then what does that make the 75 House and 30 Senate members — including then-Rep. Coleman Young II — who voted in 2010 to double how much Detroit could borrow to cover current expenses and paper over its overspending a little longer?"

Compassionate.

I speak Liberalese.

[cripplecreek]

I don’t doubt the lenders were shady and predatory but elected city officials and union leadership were right there fighting over the carcass.

[FlingWingFlyer]

It sure isn’t the corrupt politicians’ fault! LOL! Yeah, right.

[Vaduz]

Except, he wasn’t blaming his fellow legislators, but “shady bankers.”

And who give the green light to sign the contracts?.

[yldstrk]

oh yeah uh hunh that’s the ticket

Never mind corrupt public officials feeding at the taxpayer trough

never mind refusing to pay back loans to the financiers—they never should have had the gall to ask to be paid as per the contract

[Blood of Tyrants]

Liberals act as though they had nothing to do with the current financial crisis in Detroit.

[lee martell]

Shady Bankers. That could be either the upcoming sequel to American Hustle, or that new bank on Shady Lane as seen on Petticoat Junction.

[sickoflibs]

RE :”Yes, the collection of the Detroit Institute of Arts will not be sold off to pay shady bankers who made loans to a city who know they couldn't afford it — the definition of predatory lending,” Young said after the bailout was finalized by the Legislature.
McHugh said the Legislature isn't free and clear of blame.
“If the lenders were ‘shady’ and ‘predatory’ then what does that make the 75 House and 30 Senate members — including then-Rep. Coleman Young II — who voted in 2010 to double how much Detroit could borrow to cover current expenses and paper over its overspending a little longer?” McHugh said, also noting that Rep. Young cosponsored the bill. “Members of the Detroit political establishment blaming lenders for the city's fiscal malpractice is like someone with a gambling problem blaming the ATM machine for delivering cash to buy more lottery tickets.”

Entertaining.

Translation : “We are not going to pay back our creditors because they knew we could not afford to pay them back when we borrowed the $$$ from them”

Certainly not the first to use that logic, but given that who wants to lend them more?

Reminds me of Obama's student loan program : "We lend you lots of (others) $$$ and you can pay it back later if you can afford it"