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LiberalElite

(14,691 posts) Mon May 25, 2015, 08:44 PM May 2015

NYC-based investment firm helps Detroit residents pay water bills, avoid shutoff

Source: Newsday

A New York investment banking company has donated $1 million to a fund designed to help low-income Detroit residents pay their water bills and avoid shutoffs that drew United Nations attention to the city last fall.

The Heat and Warmth Fund announced Sunday that Manhattan-based Miller Buckfire & Co. made the largest gift the nonprofit group ever received from anyone other than a utility company.

Read more: http://www.newsday.com/news/new-york/new-york-city-based-investment-firm-helps-detroit-residents-pay-water-bills-avoid-shutoffs-1.10472175

7 replies

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NYC-based investment firm helps Detroit residents pay water bills, avoid shutoff (Original Post) LiberalElite May 2015 OP

Banks, corporations and others are good now? leftofcool May 2015 #1

Maybe I'm being overly cynical, but they're spending a million for some good PR. drm604 May 2015 #2

I'm glad they're doing it. 840high May 2015 #7

Maybe if we shared the wealth we wouldn't be reliant on the magnanimity of the rich Ed Suspicious May 2015 #3

It is similar to that reality show where CEOs pretend to be low level employees of their AuntPatsy May 2015 #4

Definitely. Ed Suspicious May 2015 #5

Good PR, tax credits, maybe an exec is from Detroit IronLionZion May 2015 #6

leftofcool

(19,460 posts)

1. Banks, corporations and others are good now?

Reply to LiberalElite (Original post)

Mon May 25, 2015, 09:15 PM

May 2015

drm604

(16,230 posts)

2. Maybe I'm being overly cynical, but they're spending a million for some good PR.

Reply to leftofcool (Reply #1)

Mon May 25, 2015, 09:27 PM

May 2015

Not that it's not a good thing; it is, but I don't think they're doing this entirely out of the goodness of their hearts. In fact, this makes me a little suspicious that they may have engaged in some "extra-legal" activities and are trying to buy some goodwill from the public before the hammer comes down.

840high

(17,196 posts)

7. I'm glad they're doing it.

Reply to drm604 (Reply #2)

Tue May 26, 2015, 12:22 AM

May 2015

Ed Suspicious

(8,879 posts)

3. Maybe if we shared the wealth we wouldn't be reliant on the magnanimity of the rich

Reply to LiberalElite (Original post)

Mon May 25, 2015, 09:35 PM

May 2015

to fund our access to water. This is fucking bullshit, this whole feelgood pile of shit story. The pragmatist in me says fantastic, people will get water. The idealist says this is straight up fucking bullshit that we're in this mess to begin with. Yay capitalism.

AuntPatsy

(9,904 posts)

4. It is similar to that reality show where CEOs pretend to be low level employees of their

Reply to Ed Suspicious (Reply #3)

Mon May 25, 2015, 09:44 PM

May 2015

Companies, cannot recall the name but same PR motives playing out..

Ed Suspicious

(8,879 posts)

5. Definitely.

Reply to AuntPatsy (Reply #4)

Mon May 25, 2015, 10:12 PM

May 2015

Undercover Boss is the name of the show, I believe.

IronLionZion

(45,427 posts)

6. Good PR, tax credits, maybe an exec is from Detroit

Reply to LiberalElite (Original post)

Mon May 25, 2015, 11:11 PM

May 2015

who knows, they might have have good motives. I'm glad someone is helping the people who live there.

They need more jobs too. The real estate investments are already pricing out many locals.

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