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Judge Orders Detroit Bankruptcy Be Withdrawn to Protect Municipal Pensions (The Exploding Kind)
Confounded Interest ^
| 07/21/2013
| Anthony B. Sanders
Posted on 07/21/2013 1:43:58 PM PDT by whitedog57
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Thanks for the warning pal! As if we didn't know that a hundred DEMOCRAT cities promised lavish pensions and want Uncle Spam to bail them out.
To: whitedog57
Any city/state that has:
Public unions + huge free sh*t army + long term democrat rule is going to go bankrupt.
2
posted on
07/21/2013 1:45:45 PM PDT
by
2banana
(My common ground with terrorists - they want to die for islam and we want to kill them)
To: whitedog57
The problem with this is I can’t find an easy way to short municipal bonds. There’s got to be a way to make money off this.
To: whitedog57
Bet they are all run by democrats. Bet democrats have few successful cities to point to. The success stories, I am sure, have been counter-balanced by conservatives keeping democrat excesses in check.
4
posted on
07/21/2013 1:46:59 PM PDT
by
3Fingas
(Sons and Daughters of Freedom, Committee of Correspondence)
To: whitedog57
Aqualina's been reversed on appeals a few times.
As far as Bing's comments go, he's right. There are many cities that are clusterfiretrucks on their way to following in Detroit's footsteps. Flint, Pontiac, Chicago, Hamtramck, Inkster, Highland Park, and Toledo come to mind.
5
posted on
07/21/2013 1:47:20 PM PDT
by
Darren McCarty
(Abortion - legalized murder for convenience)
To: whitedog57
How about all those rural cities, Einstein?
6
posted on
07/21/2013 1:49:28 PM PDT
by
2ndDivisionVet
(You can't invade the mainland US There'd be a rifle behind each blade of grass.)
To: whitedog57
He is right.
Democrat run and majority black or Latino is venom for urban success
The cure is extremely long run
This is the case of most US cities now
7
posted on
07/21/2013 1:49:57 PM PDT
by
wardaddy
(the next Dark Ages are coming as Western Civilization crumbles with nary a whimper)
To: whitedog57
8
posted on
07/21/2013 1:51:27 PM PDT
by
RightGeek
(FUBO and the donkey you rode in on)
To: whitedog57
9
posted on
07/21/2013 1:51:36 PM PDT
by
Ann Archy
(Abortion.....the HUMAN Sacrifice to the god of Convenience.)
To: Vince Ferrer
I haven’t done it but I think you can sell muni eft’s short.
10
posted on
07/21/2013 1:51:59 PM PDT
by
RoosterRedux
(You can't eat Sharia)
To: whitedog57
"More than 100 urban U.S. cities “are having the same problems we’re having"More than 100 urban cities are being run into the ground by Democrats?
11
posted on
07/21/2013 1:54:50 PM PDT
by
Hoodat
(BENGHAZI - 4 KILLED, 2 MIA)
To: Vince Ferrer
12
posted on
07/21/2013 1:55:12 PM PDT
by
RoosterRedux
(You can't eat Sharia)
To: Hoodat
If we could somehow figure out the common thread among these 100 cities...surely there is a government grant trying to figure that out as we speak....
13
posted on
07/21/2013 1:55:42 PM PDT
by
DonaldC
(A nation cannot stand in the absence of religious principle.)
To: whitedog57
So it seems that it is now impossible to declare bankruptcy.
For every other city in trouble, they will simply find another Marxist judge to disallow reality.
So another tether to sanity is cut.
14
posted on
07/21/2013 1:57:16 PM PDT
by
ecomcon
To: Vince Ferrer
You have to find a sucker who will take the other side.
Perhaps you could sell derivatives to the public sector unions?
15
posted on
07/21/2013 1:57:20 PM PDT
by
donmeaker
(Blunderbuss: A short weapon, ... now superceded in civilized countries by more advanced weaponry.)
To: ecomcon
Just pay the Marxist Judges in Urban Bond Futures.
16
posted on
07/21/2013 1:58:18 PM PDT
by
donmeaker
(Blunderbuss: A short weapon, ... now superceded in civilized countries by more advanced weaponry.)
To: whitedog57
Dave Bing has been about the best Democrat mayor of the bunch but he’s about 30 years too late to be able to do any good for Detroit.
He did fire union bus drivers who called an informal strike and he tried to force the unions to collect their own dues but Detroit was just too far gone when he got there.
17
posted on
07/21/2013 1:58:27 PM PDT
by
cripplecreek
(REMEMBER THE RIVER RAISIN!)
To: Vince Ferrer
The problem with this is I can’t find an easy way to short municipal bonds. There’s got to be a way to make money off this.Trade Muni-Bonds for Food Stamps?
18
posted on
07/21/2013 2:00:30 PM PDT
by
taildragger
(The E-GOP won't know what hit them, The Party of Reagan is almost here, hang tight folks.....)
To: RoosterRedux
Shorting a long ETF is about the only way it can be done, but it would be better to be able to buy credit default swaps on specific cities.
To: whitedog57
Okay, Dave but none are as tragic or greater in scale and scope. A half century of history that nothing can change no matter how many other cities file for Chapter 9.
20
posted on
07/21/2013 2:01:38 PM PDT
by
equaviator
(There's nothing like the universe to bring you down to earth.)
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