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Detroit Judge to rule on Bankruptcy, Live....
n/a | 12/3/2015 | taildragger

Posted on 12/03/2013 7:21:08 AM PST by taildragger

Local Media is covering it on TV and Radio, the Judge is laying out the potential reasons for, local TV people noting what is going on, the Court is not live if you will, data must be coming to them via text etc...


TOPICS:
KEYWORDS: bankruptcy; detroit; michigan

1 posted on 12/03/2013 7:21:08 AM PST by taildragger
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To: taildragger; cripplecreek

BTTT.....


2 posted on 12/03/2013 7:21:30 AM PST by taildragger (The E-GOP won't know what hit them, The Party of Reagan is almost here, hang tight folks....)
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To: taildragger

A “Detriot Judge”? Does this person have a vested interest in the outcome?


3 posted on 12/03/2013 7:23:18 AM PST by Fido969
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To: taildragger

Nothing yet, local Fox TV talking heads ( 2 News ) pontificating.....


4 posted on 12/03/2013 7:23:50 AM PST by taildragger (The E-GOP won't know what hit them, The Party of Reagan is almost here, hang tight folks....)
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To: taildragger
Live blog from WXYZ-TV for those interested:

http://www.wxyz.com/dpp/news/region/detroit/live-blog-detroit-bankruptcy-eligibility

5 posted on 12/03/2013 7:23:56 AM PST by Yo-Yo
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To: Fido969

Democrat, most likely...of course. Unions and government pensions shall be protected, taxpayers screwed. Nature takes its course.


6 posted on 12/03/2013 7:24:19 AM PST by Gaffer
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To: Fido969

No, he wrote quite a book on bankruptcy, seems to be held in high regard as a jurist...


7 posted on 12/03/2013 7:24:49 AM PST by taildragger (The E-GOP won't know what hit them, The Party of Reagan is almost here, hang tight folks....)
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To: taildragger

No matter what is ruled, there still won’t be enough money.


8 posted on 12/03/2013 7:25:18 AM PST by umgud (2A can't survive dem majorities)
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To: Yo-Yo

Thanks!!!!


9 posted on 12/03/2013 7:26:19 AM PST by taildragger (The E-GOP won't know what hit them, The Party of Reagan is almost here, hang tight folks....)
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To: umgud
No matter what is ruled, there still won’t be enough money.

There never is in a bankruptcy. That's kind of the point.

10 posted on 12/03/2013 7:31:17 AM PST by Maceman (Just say "NO" to tyranny.)
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To: Maceman

If the Detroit art museum is liquidated, there will be.


11 posted on 12/03/2013 7:36:28 AM PST by Eric in the Ozarks ("Say Not the Struggle Naught Availeth.")
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To: taildragger

I have no legal background but would think that this will be an interesting decision with regard to its possible implications for other cities.


12 posted on 12/03/2013 7:41:26 AM PST by Starboard
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To: Eric in the Ozarks
If it is, let this be a lesson to benefactors that when they bequeath their collections to a museum they may not be sold off to satisfy debt. They may as well turn the DIA into a mall.

Also, how would this effect the taxing authority that was established in 2010?

13 posted on 12/03/2013 7:43:41 AM PST by FrdmLvr ("WE ARE ALL OSAMA, 0BAMA!" al-Qaeda terrorists who breached the American compound in Benghazi)
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To: Yo-Yo; taildragger; All

Thanks for the link; posts. Very interesting.


14 posted on 12/03/2013 7:49:43 AM PST by PGalt
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To: Eric in the Ozarks

Should be the first thing on the list to liquidate. A good lesson would be learned from having to do just that: living beyond your means has consequences.


15 posted on 12/03/2013 7:52:04 AM PST by Starboard
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To: Springman; cyclotic; netmilsmom; RatsDawg; PGalt; FreedomHammer; queenkathy; madison10; ...
Detroit bankruptcy news.

Image Hosted by ImageShack.us

Michigan legislative action thread
16 posted on 12/03/2013 7:52:16 AM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: taildragger

Pivotal day for the municipal bond business I bet.


17 posted on 12/03/2013 7:56:24 AM PST by Paulie
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To: Eric in the Ozarks
Judge has already said that pensions can be cut, he will approve it as long as it is "fair and equitable"

So, no way they will cut pensions and keep art...

Just wondering..anyone seen an attendance figures for the DIA?

18 posted on 12/03/2013 8:03:48 AM PST by ken5050 (Benghazi investigation update: "The plot thickens, like Hillary Clinton's ankles.." (longfellow")
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To: ken5050

Situations that can’t go on forever - don’t. Welcome to the start of New Detroit.


19 posted on 12/03/2013 8:27:37 AM PST by epluribus_2 (he had the best mom - ever.)
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To: ken5050

I haven’t seen any attendance numbers for the museum but I’m guessing its rising with the upscale population moving into downtown.

Roger Penske and others have proposed buying the art and keeping it on display in Detroit as a private enterprise.


20 posted on 12/03/2013 8:38:53 AM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Yo-Yo; cripplecreek

Thanks again for the link; ping. Very interesting. Neo-plunder & reversing re-distribution. The new face of the two-faced. Let’s throw smore dollars at the D. Root cause not addressed.


21 posted on 12/03/2013 8:44:33 AM PST by PGalt
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To: cripplecreek

Maybe hollyweird or other friends of the One could bail out the collection for the D. We can’t do it here in the mitt.


22 posted on 12/03/2013 8:56:51 AM PST by epluribus_2 (he had the best mom - ever.)
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To: PGalt

Your Welcomed!


23 posted on 12/03/2013 11:37:23 AM PST by taildragger (The E-GOP won't know what hit them, The Party of Reagan is almost here, hang tight folks....)
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To: Starboard; All
I have no legal background but would think that this will be an interesting decision with regard to its possible implications for other cities.

Yes and more so...

At lunch today with conservative friends I noted, for the last 5 years "Contract Law" via the GM Bankruptcy, the Silbilus Mandate and Obamacare has been eviscerated. Today was a modicum of sanity against this Obama tide. It was a good day IMHO....

24 posted on 12/03/2013 11:39:52 AM PST by taildragger (The E-GOP won't know what hit them, The Party of Reagan is almost here, hang tight folks....)
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To: Paulie
Pivotal day for the municipal bond business I bet.

The revenge of Meredith Whitney, she had to be "PC" about it, but one may wonder if she was primarily warning about Detwaa and it's like minded cities around the country. Tangent to this, how many Muni's are deep discounted today is the question....

Here is her chart of states that was in Forbes this past summer. Notice all the real growth is in tax free and or right to work Republican and Fracking States. They are carrying this country at the moment...


25 posted on 12/03/2013 11:46:56 AM PST by taildragger (The E-GOP won't know what hit them, The Party of Reagan is almost here, hang tight folks....)
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To: taildragger

I don’t understand that map


26 posted on 12/03/2013 11:47:55 AM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
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To: taildragger

how does it count pumping $12K extra per kid into government schools as a positive?


27 posted on 12/03/2013 11:49:22 AM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
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To: FrdmLvr
If it is, let this be a lesson to benefactors that when they bequeath their collections to a museum they may not be sold off to satisfy debt. They may as well turn the DIA into a mall.

I heard on the news Emergency Manager Kevin Orr will address this situation post one of the main Art Auction Houses ( Soterby's? ) finishing up their appraisal / inventory next week....

28 posted on 12/03/2013 11:50:15 AM PST by taildragger (The E-GOP won't know what hit them, The Party of Reagan is almost here, hang tight folks....)
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To: taildragger

It was a good day IMHO....

********
Savor the moment. There aren’t many these days. The country has gone mad. Totally mad.

Expect the federal government to soon establish some type of stealth bailout for cities. Our debt is only $17 trillion now so we’ve got plenty of financial headroom to do that. /sarc


29 posted on 12/03/2013 11:52:27 AM PST by Starboard
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To: taildragger

Indiana has a higher credit rating than the United States.

*********
So does ExxonMobil. And that’s probably why Warren Buffet just bought 1% of the company. Safer than U.S. debt.


30 posted on 12/03/2013 11:58:25 AM PST by Starboard
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