Skip to comments.
Detroit bankruptcy challenged on constitutional grounds
Reuters ^
| August 20, 2013
| By Joseph Lichterman and Bernie Woodall
Posted on 08/20/2013 3:53:49 AM PDT by Oldeconomybuyer
click here to read article
Navigation: use the links below to view more comments.
first previous 1-20, 21 last
To: Oldeconomybuyer
But as a midnight deadline for filing objections to the bankruptcy passed, Detroit's bondholders were conspicuously absent from the long list of unions, pension funds and individual creditors lining up to argue against bankruptcy. The bondholders know that standard bankruptcy is the only path that will get them even pennies on the dollar. The unions want to grab ALL the assets and cash for themselves, as with GM.
21
posted on
08/20/2013 6:21:16 AM PDT
by
PapaBear3625
(You don't notice it's a police state until the police come for you.)
Navigation: use the links below to view more comments.
first previous 1-20, 21 last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson