“On Thursday, we learned that the decision had been made for the city of Detroit to formally file for Chapter 9 bankruptcy. It was going to be the largest municipal bankruptcy in the history of the United States by far, but on Friday it was stopped at least temporarily by an Ingham County judge. How ‘honoring the president’ has anything to do with the bankruptcy of Detroit is a bit of a mystery, but what that judge has done is ensured that there will be months of legal wrangling ahead over Detroit’s money woes. But one thing is for sure – the city of Detroit is flat broke. One of the greatest cities in the history of the world is just a shell of its former self.”
Related posts:
Obamacare Navigators Won't Have To Pass Background Checks
Yes, You Are A Criminal... You Just Don't Know It Yet
Russia To West: We Told You Not To Overthrow Qaddafi!
California, New York and DC look to ban 3D-printed guns
4 Things to Buy Before Congress Passes the Sales-Tax Law
Confusion, not regulation the major dampener for Indian gold demand
Florida Mom Gets 20 Years For Firing Warning Shot After Attack
Don’t Keep Your Gold and Silver in the US, Says Marc Faber
Give Haircuts To Homeless Veterans, Receive Threats From Licensing Board
Humiliating Viral YouTube Interview To Cost Job Of Argentina's Economy Minister?
Government Freezes EBT Funds, Orders States to Withhold Food Stamps
Nonviolent activist tasered at DOJ while protesting for Wall Street prosecutions
UN Shoe Drops on Internet Terror
Taking the Police State Train
Singapore’s central bank lost $10.2 billion fighting Bernanke [2013]