Detroit creditors brace for haircuts, or worse, at meeting to avoid bankruptcy. “…reports say that [Detroit emergency manager Kevyn] Orr will push creditors in his restructuring report to take as little as 10 cents for each dollar the city owes.” If they balk, they may get LESS in court if the city files for Chapter 9 bankruptcy. The first dead canary in the coal mine…
This post was last modified on January 26, 2021
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I saw comments on another website from a guy who said he lived in Detroitistan..He suggested they burn it to the ground, and turn it into farm land shipping all the liberals to Chitcago. I kinda like it.
The union members will be saved while the rest get it shoved up their ass. It's the Democrap way.
Haircut? Nah! It's gonna be a bikini wax and it's going to be painful.
The modern US urban economic experience - a haircut using a guillotine.
What politcal party had ruled Detroit for the past 50 years? That's right, the same party that's ruled Buffalo, Milwaukee, Newark, East St. Louis, El Paso, Flint and all of the other, decaying, dying, bankrupt American cities.
I blame liberal greed.
The liberals stole "all Detroit's Gold" and toilet paper, and street lights and property values....Forward!