Detroit Judge to rule on Bankruptcy, Live....

n/a | 12/3/2015 | taildragger

[PGalt]

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.

[epluribus_2]

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.

[taildragger]

Your Welcomed!

[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.

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....

[taildragger]

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...

[GeronL]

I don’t understand that map

[GeronL]

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

[taildragger]

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....

[Starboard]

It was a good day IMHO....

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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

[Starboard]

Indiana has a higher credit rating than the United States.

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