Detroit: The Shape Of Things To Come

The Market-ticker ^ | July 18, 2013 | Karl Denninger

[Huskrrrr]

“Obama already fixed this”

Along with the Nation's infrastructure.

[SatinDoll]

During the 1970s, Felix Rohatyn (of Lazard Freres) saved NYC from having to declare bankruptcy.

“Rohatyn became widely known in the 1970s for successfully restructuring New York City’s debt and resolving the city’s fiscal crisis. While running the Municipal Assistance Corporation for the city of New York, Rohatyn continued his deal making at Lazard. Although he capped his take at the firm at 6%, Rohatyn continued to be the preeminent rainmaker at Lazard well into the 1990s, completing such deals as Sony’s acquisition of Columbia.” Quote from Wikipedia.

Note: the Federal Govt. bailed out NYC to the tune of $2.3 Billion.

[wbill]

all the race pimps want us to focus on one black criminal thug that was shot when he was trying to kill a hispanic.

Bread and Circuses.

So long as there's a good distraction, people will never pay attention to the real problem. Until it's too late.

[itsahoot]

It's more like, "you have less revenues? Not our problem, suckas!"

Dreamer, of course it is, they will be sending us the bill soon enough.

[SunkenCiv]

Thanks SatinDoll.