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LovingA2andMI

(7,006 posts)
13. So, if I understand your Austerity Focus Responses correct....
Sun Jul 6, 2014, 03:05 PM
Jul 2014

Detroit's Pensioners should suffer because the Banks (JP Morgan Chase, Bank of America, Wells Fargo) played Monopoly Games with the Mortgage Market and signed Detroit WILLINGLY to an derivative security deal --- in which THEY KNEW the City could not afford (let's throw that Fiduciary Duty Out the Window why don't we)?

Just want to make sure I understand fully when folks are applauding Austerity over People's Right who have EARNED by Sweat Labor, their Pension Income and Benefits.

The city and state will simply take the money from someone else hack89 Jul 2014 #1
They can "take it" from the Banks.... LovingA2andMI Jul 2014 #3
Fine until Detroit needs credit - which they will hack89 Jul 2014 #10
So, if I understand your Austerity Focus Responses correct.... LovingA2andMI Jul 2014 #13
I don't think the banks should get a single penny hack89 Jul 2014 #24
I have ALWAYS thought yeoman6987 Jul 2014 #6
Agreed! LovingA2andMI Jul 2014 #8
We are all in this together! yeoman6987 Jul 2014 #9
Tax payers are where the money will come from hack89 Jul 2014 #12
Not the problem of the retirees yeoman6987 Jul 2014 #14
"Every opportunity"? hack89 Jul 2014 #22
Support for Public Pensions is "Evaporating"..... LovingA2andMI Jul 2014 #17
I support pensions. I get one myself from the government. hack89 Jul 2014 #23
+1 a whole fucking bunch. Enthusiast Jul 2014 #31
Reagan introduced the 401k in 1978? hughee99 Jul 2014 #46
I'm a proud soon to be AFSCME retiree this December Omaha Steve Jul 2014 #2
Awesome!! LovingA2andMI Jul 2014 #4
I don't think it will have anything to do with Detroit frazzled Jul 2014 #5
Have you reviewed Michigan's Constitution of 1963.... LovingA2andMI Jul 2014 #7
Well, good, Michigan is one of only 7 states with such a clause frazzled Jul 2014 #11
Thanks but, your wrong. LovingA2andMI Jul 2014 #15
Detroit was in bankruptcy. former9thward Jul 2014 #32
Maybe instead of trying and FAILING to be "Smart" LovingA2andMI Jul 2014 #38
There is a question as to Detroit being able to file Bankruptcy happyslug Jul 2014 #40
Just wait til the SCOTUS gets its grubbly, filthy little hands on it ... blkmusclmachine Jul 2014 #16
Now that is a concern.... LovingA2andMI Jul 2014 #19
It is not a concern. former9thward Jul 2014 #33
Not a lawyer or pay one on TV but many decisions by State Supreme Courts... LovingA2andMI Jul 2014 #37
No you are not a lawyer. former9thward Jul 2014 #43
The IL Supreme Court is the most competent branch of government we have here! ColesCountyDem Jul 2014 #18
That is why it was written that way in the first place.... Spitfire of ATJ Jul 2014 #20
AGREED! LovingA2andMI Jul 2014 #29
I think they know it quite well and are working tirelessly to destroy all of those laws meant to Dark n Stormy Knight Jul 2014 #30
What gets me is when they say being a greedy bastard is patriotic.... Spitfire of ATJ Jul 2014 #34
They aggrandize all of their actions and beliefs to some sort of place of honor. It's part of Dark n Stormy Knight Jul 2014 #35
It fits with their "blessed are the rich" religion too. Spitfire of ATJ Jul 2014 #36
The fascist five can't wait to get their grubby hands on this. santamargarita Jul 2014 #21
They will not take the case. former9thward Jul 2014 #44
I'm glad to hear that, thanks. santamargarita Jul 2014 #45
Can you please add (Illinois) in parenthesis to the title? Thanks (nt) question everything Jul 2014 #25
Will do. LovingA2andMI Jul 2014 #27
SCOTUS will work on changing that. :/ C Moon Jul 2014 #26
Which is why SCOTUS "Appointments for Life" LovingA2andMI Jul 2014 #28
Oops, time for the Koch Bros have to get more Federalist Society members... not fooled Jul 2014 #39
In other news Tetris_Iguana Jul 2014 #41
Here is the Actual Opinion happyslug Jul 2014 #42
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