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MICH. GOV SNYDER TO ANNOUNCE STATE TAKEOVER OF DETROIT
ZeroHedge ^ | 2/28/2013 | Tyler Durden

Posted on 02/28/2013 1:26:28 PM PST by taildragger

Usually, when the administration needs a distraction from just how broke and insolvent in reality the country is, it sends the stock market soaring higher. As such it is beyond ironic that as the S&P is set to hit an all time high, Detroit - that shining symbol of the Obama administration's bailout of General Motors - effectively goes broke.

MICH. GOV SNYDER TO ANNOUNCE STATE TAKEOVER OF DETROIT

More:

Detroit Mayor Dave Bing says Governor Rick Snyder will announce a state takeover on Friday

Detroit Mayor Dave Bing says Michigan Governor Rick Snyder will announce a state takeover of the city of Detroit on Friday.

Bing says the governor told him his decision during a phone conversation this morning. Bing was talking with reporters following a speech before the Detroit Regional Chamber at the MotorCity Casino.

The city will have 10 days to appeal the decision to the governor.

7 Action News has teams working the story to get more details.

If only Detroit had gone all in the stock market when Bernanke made it his life's crusade to take the Dow to 36,000 and blow up everyone else, trying...


TOPICS: Business/Economy; Government; US: Michigan
KEYWORDS: detroit; financialmanager; michigan
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1 posted on 02/28/2013 1:26:34 PM PST by taildragger
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To: taildragger

This story broke here in the local Media around 3:00pm EST today via a Dave Bing Statement. Check the Verboten Detroit Newspapers that we can’t post about here in FR....


2 posted on 02/28/2013 1:27:54 PM PST by taildragger (( Tighten the 5 point harness and brace for Impact Freepers, ya know it's coming..... ))
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To: taildragger

Good luck with that! That’s a very messy tar-baby to grab hold of.....


3 posted on 02/28/2013 1:29:09 PM PST by expat2
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To: taildragger

The truth is, even of FR you cannot have an honest conversation about why Detroit was doomed to fail.


4 posted on 02/28/2013 1:32:06 PM PST by kreitzer
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To: taildragger

http://www.wxyz.com/dpp/news/region/detroit/detroit-mayor-dave-bing-says-governor-rick-snyder-will-announce-a-state-takeover-on-friday


5 posted on 02/28/2013 1:32:30 PM PST by Gabrial (The nightmare will continue as long as the nightmare is in the Whitehouse)
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To: expat2

Tar Baby? Where’s that little kid in the yellow shirt?


6 posted on 02/28/2013 1:32:37 PM PST by beelzepug (Telling other people they need to die is a good way to get your own lamp blown out.)
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To: taildragger

Bring in the bulldozers!


7 posted on 02/28/2013 1:34:39 PM PST by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: kreitzer

Why would citing Detroit’s commie owned and operated news media help in any sort of debate.


8 posted on 02/28/2013 1:34:44 PM PST by muawiyah
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To: taildragger

Replace anyone that controls money should be at the top of his list. More cops on the street.


9 posted on 02/28/2013 1:35:37 PM PST by MomwithHope (Buy and read Ameritopia by Mark Levin!)
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To: taildragger

Detroit: I'd Buy That for a Dollar.

10 posted on 02/28/2013 1:35:49 PM PST by martin_fierro (< |:)~)
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To: taildragger

I’d make them secede and join New York State, or Ontario.


11 posted on 02/28/2013 1:36:20 PM PST by Paladin2
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To: taildragger

Bulldoze the works and build a mountain out of the rubble. Might get some good skiing out of it in the wintertime.


12 posted on 02/28/2013 1:36:53 PM PST by ScottinVA (Gun control: Steady firm grip, target within sights, squeeze the trigger slowly...)
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To: taildragger

Is this story from The Onion?

If so, it is very good.

If not, then we truly have entered the nightmare of our worst imaginings.

Build a fence around that beleaguered and tormented locality, and patrol it with drones, treating the city limits at a frontier to a foreign country.

Because that is what Detroit has become.


13 posted on 02/28/2013 1:38:56 PM PST by alloysteel (What is all too obvious, is not obvious to all. Until it is too late to reverse course.)
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To: ScottinVA

Already been done long ago - Mt. Trashmore.


14 posted on 02/28/2013 1:40:38 PM PST by shove_it (Long ago Huxley, Orwell and Rand warned us about 0banana's USA.)
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To: taildragger

Detroit is such a burned out, broken down Hellhole that I’m not sure what can bring it back. Perhaps spending $20 or $30 million to plow over a big chunk of it isn’t such a bad idea.


15 posted on 02/28/2013 1:41:26 PM PST by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: taildragger

Detroit: Liberalism’s Hiroshima


16 posted on 02/28/2013 1:42:00 PM PST by SpaceBar
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To: Springman; cyclotic; netmilsmom; RatsDawg; PGalt; FreedomHammer; queenkathy; madison10; ...
Best thing to happen to Detroit in a long time. Its gonna take a republican to fix that mess.

Image Hosted by ImageShack.us

Weekly/biweekly Michigan legislative action thread
17 posted on 02/28/2013 1:42:39 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: taildragger

Which is better for a riot Joe, a double barrel shotgun, or a scary semi auto rifle?


18 posted on 02/28/2013 1:43:21 PM PST by Vince Ferrer
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To: alloysteel

Coming soon to a theater near you...

ESCAPE FROM DETROIT.


19 posted on 02/28/2013 1:44:50 PM PST by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: muawiyah; kreitzer
Why would citing Detroit’s commie owned and operated news media help in any sort of debate.

Maybe it's due to ignorant comments like this........

"Bulldoze the works and build a mountain out of the rubble. Might get some good skiing out of it in the wintertime.

Kinda like trying to discuss conservatism over at DU.....

20 posted on 02/28/2013 1:45:37 PM PST by Hot Tabasco (God bless you Tommy and thank you for your service: http://swiftboats.org/tribute/tribute.html)
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