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Look around Detroit and you can see why gas is less than $3/gallon.

Everyone is broke.

Detroit = coming soon to a town near you ...

RMB10,000 isn't very much and you can't cash the check or spend it here. You can certainly get more, it's a very nice bridge!


:)

Eric D's remarks are spot-on. We have run out of resources to waste. Everything will change. The following need to be fixed:

- Detroit very poor transit, too dependent upon cars. [[Detroit needs...

Get tough? Not a chance ...

What Detroit 'gets' is a bunch of Tea Party Nazis who sell the city out to the bankers and the auto company executives who robbed the city blind then destroyed it in...

http://www.nytimes.com/reuters/2013/11/20/business/20reuters-usa-detroit-fees.html?hp&_r=0

BTW: Mikey 'in Brooklyn' is either an idiot or a paid shill of the banks. Detroit has been cutting...

The assumption is that Michigan is solvent while Detroit is not. That assumption is nonsense. Regardless of what happens in Detroit, Michigan is bankrupt. The effort of of Orr & Co. is to create a...

A clip that includes some views of old Detroit, labor strife and anti-union reaction during the Great Depression.

http://www.youtube.com/watch?v=exuGv3HsV-U

You aren't paying attention. JP Morgan-Chase is a criminal enterprise, much like the Cosa Nostra. Take a minute and Google, "JP Morgan-Chase criminal activities".

Here's one:...

First of all, there is a question as to whether Detroit is eligible for bankruptcy.

Second, seniority in bankruptcy here is clouded by the jurisdictional reach of the State of Michigan....

Where in Virginia?

Where in Virginia?

That's incorrect, Detroit, pensioners' reps and the State of Michigan negotiated a payment schedule that was later overturned by the state legislature ... in order to pass the revised EM enabling...

How does this dude have his job, he looks like he's falling asleep ...
...

House across the street worth $115K. The houses up and down the street are worth even less. Not much of a bargain ...

He's burned through $20 million dollars.

Otherwise, nothing much [[emphasis on nothing).

- The 'people that put Detroit in this situation' would have to be the auto manufacturers. Up until the 1970s, the 'Big Three' ruled Detroit like a company town.

- Every city and state...

If nothing is done, the state of Michigan has to continue to borrow in Detroit's place.

Lansing is just as responsible for this mess as Detroit, they can afford to continue to fund city operating...

I had an idea for a second that the crime fighting strategy would be bosses hiring criminals to become the police.

What do you think is going to happen w/ the Barklays' deal?

This is a payday loan for a city.

By itself DIP is ... a non-sequitur.

@Bankruptcy,

No deal is better than this deal, this is swimming w/ crocodiles.

Keep your eye on the little birdie ...

From Financial Times Alphaville Blog:



* Bond Girl has long been one of FT Alphaville’s favourite commentators on all things munis. She worked in...

Thank you Mr. Buckfire!

@Reuters:

"Detroit pension cuts 'function of mathematics' -investment banker"

It's hard to describe how farcical and unfair is the current round of hearings about the state of Detroit's...

Chief Craig is on the case right this minute ..

From the M-Live article:#Craig:

- Who was a 'suspect'? A black dude running toward a police car in Detroit or anywhere else in the USA is a suspect?

- Chief profiled the dude as a suspect...