General Discussion

Bunnahabhain

(857 posts)

23. We will see what happens

Sat Aug 3, 2013, 02:42 PM

Aug 2013

Orr is a long time Dem, Obama (although you would not know it to read some of the posts here) is a Dem and has faith in Orr, and everyone is watching. It's clear the banks will be taking a major haircut as they should for their part in this. Maybe we'll get a just solution for pensioners and a way forward. The status quo is certainly not sustainable.

I left Detroit in the mid-90s after a lifetime in and around it. My family was generations deep in the auto industry and all card carrying union members. I knew they were living in the past over 20 years ago.

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The Detroit bankruptcy and the assault on democratic rights [View all] Octafish Aug 2013 OP

Are these the rotten banks ceonupe Aug 2013 #1

Banks deserve bashing. FED found $16 trillion to bail out the banksters, including foreign-owned. Octafish Aug 2013 #6

So that's why I advocate ceonupe Aug 2013 #8

What makes you the mstinamotorcity2 Aug 2013 #27

no just giving my 2cents ceonupe Aug 2013 #28

more like mstinamotorcity2 Aug 2013 #35

They are coming for everything. Not just every last nickel and dime, but DirkGently Aug 2013 #2

When a bank goes belly up, the regulators come and take everything. Igel Aug 2013 #3

No. Stripping pensions in this context means de-prioritizing a debt DirkGently Aug 2013 #5

There is another article today that says the pensions are 90% funded. nt Mojorabbit Aug 2013 #26

detroit's pensions are 90% funded, according to a recent report. so you're wrong. HiPointDem Aug 2013 #30

Disaster Capitalism, Chicago-style Octafish Aug 2013 #7

It's far more radical then anything supposed "socialists" are seeking. DirkGently Aug 2013 #14

It's like witnessing a bank robbery and running to the police station to report it... Octafish Aug 2013 #15

No, this is going to take massive, sustained public pressure. DirkGently Aug 2013 #24

But they'll get a new hockey arena & billionaire Mike Ilitch gets an entertainment district Catherina Aug 2013 #4

On Vultures and Red Wings: Billionaire Gets New Sports Arena in Bankrupt Detroit Octafish Aug 2013 #9

To a man who wasn't even paying the taxes! Catherina Aug 2013 #10

Incredible story! NOTHING about that in the local media. Octafish Aug 2013 #13

Thank you Octafish! n/t Catherina Aug 2013 #20

whoa. nashville_brook Aug 2013 #16

Well there's a few debts to be pursued in the bankruptcy. DirkGently Aug 2013 #25

catherina, i made an op from your post here: HiPointDem Aug 2013 #31

I'm grateful you did. I'm sure there's much more of that out there Catherina Aug 2013 #33

Ilitch is the Murderer of Tiger Stadium. navarth Aug 2013 #21

It goes much deeper than what is happening now mick063 Aug 2013 #11

Zen Throat-Cutting in Detroit Octafish Aug 2013 #22

Pillaging for modern times suffragette Aug 2013 #12

If Detroit's re-org goes well Bunnahabhain Aug 2013 #17

Yes mick063 Aug 2013 #19

We will see what happens Bunnahabhain Aug 2013 #23

There are many black hats & few white ones. Detroit was deliberately destroyed. And now it's HiPointDem Aug 2013 #32

Are for real? Bunnahabhain Aug 2013 #34

Detroit's median household income is now LESS THAN HALF what it was in 1970 Catherina Aug 2013 #18

Kicked and recommended. Uncle Joe Aug 2013 #29