Author Topic: Judge OKs Detroit's plan to get out of bankruptcy  (Read 375 times)

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Offline flowers

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Judge OKs Detroit's plan to get out of bankruptcy
« on: November 07, 2014, 06:50:03 pm »
http://www.foxnews.com/politics/2014/11/07/judge-oks-detroit-plan-to-get-out-bankruptcy/?intcmp=latestnews

Quote

A judge has approved Detroit's plan to get out of bankruptcy by cutting pensions, erasing billions of dollars of debt and promising nearly $2 billion in better services for a city desperate for a turnaround.

 Detroit's exit from the largest public filing in U.S. history took less than 16 months, lightning-fast by bankruptcy standards. The success is largely due to a series of deals between the city and major creditors, especially general retirees who agreed to accept smaller pension checks.


Offline Relic

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Re: Judge OKs Detroit's plan to get out of bankruptcy
« Reply #1 on: November 07, 2014, 06:58:36 pm »
I'd expect Detroit's plan to consist of taxing everyone in Michigan.

rangerrebew

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Re: Judge OKs Detroit's plan to get out of bankruptcy
« Reply #2 on: November 07, 2014, 07:23:51 pm »
I'd expect Detroit's plan to consist of taxing everyone in Michigan.

That has been happening for years.  I think the best bet would to give the city to Al Qaeda to practice bombing and then start over. :bullie smokin:

Offline Fishrrman

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Re: Judge OKs Detroit's plan to get out of bankruptcy
« Reply #3 on: November 08, 2014, 02:26:28 am »
ranger wrote above:
[[ I think the best bet would to give the city to Al Qaeda to practice bombing and then start over...]]

Um.... what's left to bomb?

Offline flowers

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Re: Judge OKs Detroit's plan to get out of bankruptcy
« Reply #4 on: November 08, 2014, 02:37:22 pm »
ranger wrote above:
[[ I think the best bet would to give the city to Al Qaeda to practice bombing and then start over...]]

Um.... what's left to bomb?
true