AMBAC insures municipal bonds and has filed for bankruptcy
To: frithguild
Well it’s obvious they screwed up somewhere in the past by having more retirees than active employees.
2 posted on
11/16/2010 3:27:41 PM PST by
gthog61
To: frithguild
A muslim dominanted dying city.
4 posted on
11/16/2010 3:35:56 PM PST by
brownsfan
(D - swift death of the republic, R - lingering death for the republic.)
To: frithguild
Hamtramck used to be the largest population of Poles outside of Poland (hence its Polish name). Bet it’s more Muzzie than Polish now.
6 posted on
11/16/2010 3:46:21 PM PST by
backwoods-engineer
("The Constitution is not an instrument for government to restrain the people..." -- Patrick Henry)
To: frithguild
Anyone have the data on the political affiliations of the city government over the last, say, 50 years?
Will the RNC take advantage of an opportunity for a "teachable moment"?
To: frithguild
Soylent Green is Mantramck!
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.10 posted on
11/16/2010 4:04:45 PM PST by
The Comedian
(I enjoy progressives, especially in a light cream sauce.)
To: frithguild
This is the city that Pope John Paul II visited. Now Islamic calls to prayer blare from speakers in the town.
No surprise that there was a bit of flight.
To: frithguild
Oh, this is in Michigan. Why didn’t you say so?
12 posted on
11/16/2010 4:31:53 PM PST by
upchuck
(When excerpting please use the entire 300 words we are allowed. No more one or two sentence posts!)
To: frithguild
100 employees and 153 retirees. Does anyone else see the problem with this.
14 posted on
11/16/2010 4:43:35 PM PST by
sharkhawk
(Stanley cup champs The Chicago Blackhawks)
To: frithguild
From the Article:
Under a 1990 law, only an emergency financial manager appointed by the state can take a city into bankruptcy... No Michigan municipality has declared bankruptcy before or since the law was passed...I don't think there is anyone appointed yet.
15 posted on
11/16/2010 4:50:46 PM PST by
MaggieCarta
(What are we here for but to provide sport for our neighbors, and to laugh at them in our turn?Austen)
To: frithguild
A $3M deficit with a population of 20k is $150/person. How much debt does the city have?
25 posted on
11/16/2010 6:48:12 PM PST by
zeugma
(Ad Majorem Dei Gloriam)
To: frithguild
I’m still waiting for a new freeway sign that says
“Hamtramck Left”...
26 posted on
11/18/2010 2:45:19 AM PST by
equaviator
("There's a (datum) plane on the horizon coming in...see it?")
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