Detroit thread. Post Kwame, Monica, and $1 houses here.

Started by MadImmortalMan, March 17, 2009, 12:39:21 PM

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Eddie Teach

To sleep, perchance to dream. But in that sleep of death, what dreams may come?

CountDeMoney

If Cleveland could do it, survive and come back better, so can Detroit.

Phillip V



Ed Anger

Stay Alive...Let the Man Drive

Eddie Teach

To sleep, perchance to dream. But in that sleep of death, what dreams may come?

Phillip V


DGuller


Caliga

Quote from: Phillip V on July 18, 2013, 06:54:19 PM
Detroit needs Mitt Romney.
If they made Romney like an emergency manager for Detroit and he actually managed to bring it back, he should definitely be POTUS.  In fact, he should probably be Emperor of the World. :)
0 Ed Anger Disapproval Points

Savonarola

Quote from: The Brain on July 18, 2013, 04:30:48 PM
What will da feds do? Nothing? Something? A lot?

Conventional wisdom is that the Federal Government will do nothing.  If they bail out Detroit they'll have to bail out every city or state that faces bankruptcy.

The state of Michigan may be on the hook for the pension funds; municipal pensions are guaranteed by the state constitution.  A number of the pundits seem to think that won't hold up in bankruptcy court.
In Italy, for thirty years under the Borgias, they had warfare, terror, murder and bloodshed, but they produced Michelangelo, Leonardo da Vinci and the Renaissance. In Switzerland, they had brotherly love, they had five hundred years of democracy and peace—and what did that produce? The cuckoo clock

Savonarola

I read online news in this order:

Le Monde
Al-Jazeera
BBC
CNN
Detroit Free Press
Detroit News
Orlando Sentinel
Miami Herald

How bad the news out of Detroit is can be determined by how close it is to the top of that list.  The most shared story on Le Monde today is:

La ville américaine de Detroit se déclare en faillite

Zut alors!
In Italy, for thirty years under the Borgias, they had warfare, terror, murder and bloodshed, but they produced Michelangelo, Leonardo da Vinci and the Renaissance. In Switzerland, they had brotherly love, they had five hundred years of democracy and peace—and what did that produce? The cuckoo clock

Admiral Yi

Quote from: Savonarola on July 19, 2013, 12:20:25 PM
The state of Michigan may be on the hook for the pension funds; municipal pensions are guaranteed by the state constitution.  A number of the pundits seem to think that won't hold up in bankruptcy court.

Interesting.

fhdz

and the horse you rode in on

citizen k

President Obama: "If I was the mayor of a city it would look like Detroit."


DGuller