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07/18/2013 05:20:30 PM · #1 |
has declared bankruptsy
If approved they are going to start liquidating assets. I know they have some museums with priceless art. Wow, never too big to fail I guess. Even though people have been moving out for years.
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07/18/2013 07:08:22 PM · #2 |
Originally posted by cowboy221977:
has declared bankruptcy
If approved they are going to start liquidating assets. I know they have some museums with priceless art. Wow, never too big to fail I guess. Even though people have been moving out for years. |
Years of mis-management and a mass exodus of people. Rome was a might power once too. |
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07/18/2013 08:08:51 PM · #3 |
(The unions are dead, main street ignored-
...yet in other news Wall street hit an all time high!
Capitalism therefore works and the Government should keep its hand off!)
sorry for the rant-like interjection.
Here is one ray of hope for Detroit.
Message edited by author 2013-07-18 20:12:19. |
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07/18/2013 08:30:54 PM · #4 |
I just hate to see a city fall from grace like this
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07/19/2013 06:58:00 AM · #5 |
Originally posted by cowboy221977:
I just hate to see a city fall from grace like this |
why? it was there own doing, they had no plan to grow business lost to a dying manufacturing industry. the people refused elect people with the know how to fix the problem.
unions and pensions destroyed it and now the pension funds are suing to block. one of these days we need to realize that people live to long to continue to allow pensions and public retirement funding to continue.
Message edited by author 2013-07-19 07:03:32. |
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07/19/2013 10:21:54 AM · #6 |
Originally posted by blindjustice:
(The unions are dead, main street ignored-
...yet in other news Wall street hit an all time high!
Capitalism therefore works and the Government should keep its hand off!)
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Maybe some cause and affect happening? :-) |
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07/19/2013 11:32:46 AM · #7 |
I agree that Detroit has ben stuggling for a long time. 1 of he poblems being the unions
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07/19/2013 02:04:03 PM · #8 |
Frisca hit the nail on the head mis-management .
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