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Detroit emergency manager files bankruptcy (AP Breaking)
AP ^ | 7-18-13 | AP

Posted on 07/18/2013 1:27:38 PM PDT by tcrlaf

DETROIT (AP) -- Detroit has become the largest city in U.S. history to file for bankruptcy.

State-appointed emergency manager Kevyn Orr on Thursday asked a federal judge permission to place the city into Chapter 9 bankruptcy protection.

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Breaking News; Business/Economy; Government; News/Current Events; US: Michigan
KEYWORDS: bankruptcy; deserved; detroit; michigan
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To: stephenjohnbanker
Meanwhile, I saw this the other day

Detroit dire, but private groups, citizens keep the Motor City running
21 posted on 07/18/2013 1:44:15 PM PDT by Lucky9teen (Peace is that brief glorious moment in history when everybody stands around reloading.~Thomas Jeffer)
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To: tcrlaf

Dibs on the mayor’s car!

Comes with a driver, right? And flashing red/blue light and a si-reen?


22 posted on 07/18/2013 1:44:34 PM PDT by woofer
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To: molson209

“Oh , I thought it was because all the white folks left”

All except for Les and family at Hardcore Pawn.

Maybe they can pawn the city.


23 posted on 07/18/2013 1:44:36 PM PDT by Stormdog (A rifle transforms one from subject to Citizen)
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To: cripplecreek
Obama to Detroit: "Drop Dead!!"
24 posted on 07/18/2013 1:44:39 PM PDT by ken5050 (Due to all the WH scandals, MSNBC is changing its slogan from "Lean Forward" to "BOHICA")
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To: molson209

Yes, and they’re mad, too, that their white oppressors won’t stay there and oppress them.


25 posted on 07/18/2013 1:45:43 PM PDT by mrsmel (One Who Can See)
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To: ken5050

Wait they increased taxes in Detroit so they don’t need a bailout, right?


26 posted on 07/18/2013 1:46:45 PM PDT by RginTN
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To: Lucky9teen

Interesting. Thanks.


27 posted on 07/18/2013 1:47:54 PM PDT by stephenjohnbanker (K I L L T H E B I L L !!)
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To: tcrlaf

Just a few of the majority of properties falling down and destroyed...there comes a time where you just throw in the towel and let it go to fields....


28 posted on 07/18/2013 1:48:25 PM PDT by caww
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To: tcrlaf

Agreed. It will be blamed on greedy corps and the “hidden hairy hand, working the macinations, of the white man”


29 posted on 07/18/2013 1:48:27 PM PDT by Chuzzlewit
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To: Stormdog

” “Oh , I thought it was because all the white folks left”

All except for Les and family at Hardcore Pawn.”

Even Detroit won’t take the son & daughter....


30 posted on 07/18/2013 1:49:35 PM PDT by stephenjohnbanker (K I L L T H E B I L L !!)
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To: ken5050

Fortunately Michigan conservatives are capitalizing on Obama ditching Detroit.


31 posted on 07/18/2013 1:50:39 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: tcrlaf

I know how to fix this. Borrow more money.


32 posted on 07/18/2013 1:50:42 PM PDT by ArcadeQuarters (Socialism is built on slavery.)
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To: caww

33 posted on 07/18/2013 1:51:16 PM PDT by Paine in the Neck (Is John's moustache long enough YET?)
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To: Pure Country
That wouldn't be the same Chicago that had it's bond rating cut by three notches today, would it?

http://my.chicagotribune.com/#section/-1/article/p2p-76710645/

Having your municipal ratings cut by three levels in one fell swoop is almost unheard of and is an indication that things are circling the drain very quickly from a fiscal perspective.

To quote W, "Heck of a job there, Rahmy!"

34 posted on 07/18/2013 1:52:01 PM PDT by Freedumb
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To: Stormdog

I’m sure he could invite the entire white non-parasite population to his store, and they would all fit on any couches and chair they have on the floor.


35 posted on 07/18/2013 1:52:09 PM PDT by matt04
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To: ken5050
I can hear the Black Caucus now: “You bailed out GM and Chrysler, but you won’t bail out Detroit?”

 

I'm reminded of that Chrysler commerical boasting about their ties to Detroit.

I've never understood that. Why - in the name of God - would you want to advertise your cars are built in Detroit?

I'd sooner buy a Ford built in Mexico or even a cheap import built in China parked in my driveway than any POS from Detroit.

36 posted on 07/18/2013 1:52:14 PM PDT by Responsibility2nd (NO LIBS. This Means Liberals and (L)libertarians! Same Thing. NO LIBS!!)
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To: tcrlaf

37 posted on 07/18/2013 1:53:05 PM PDT by sushiman ( .)
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To: Responsibility2nd
Our problems with Detroit are simple. Just cede the entire city to Canada.

I think Canada would consider that an act of war.

38 posted on 07/18/2013 1:53:20 PM PDT by dfwgator
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To: caww

what is that theatre? It looks like it was beautiful at one time.


39 posted on 07/18/2013 1:53:49 PM PDT by Morgana (Always a bit of truth in dark humor.)
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To: tcrlaf

Detroit won’t be the last big city to suffer the same fate, not by a long shot.


40 posted on 07/18/2013 1:54:27 PM PDT by dfwgator
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