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To: ontap
This is at least a partial answer...although the city employees through their unions pretty much caused the problems so they should be the ones to bear most of the burden!!

Was it them or the incompetents who ran the city? In any case you can say all the creditors aided and abetted. So all should pay the price. Even the secured creditors.

42 posted on 10/28/2013 10:40:00 AM PDT by DoodleDawg
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To: DoodleDawg

I don’t think so; the vendors had nothing to do with the city’s decision to spend more than they had.....the employees though are directly responsible for electing gov. officials that willingly gamed the taxpayers to get sweetheart deals for their retirement. Pension funds are the main culprit. Sorry but the city leaders and city employees are the guilty ones here and it is poetic justice that they have to cough up their ill gotten pensions for it!!!Ponzi schemes only benefit the early culprits...sooner or later the bill comes due!!!


44 posted on 10/28/2013 10:53:20 AM PDT by ontap
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