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12-03-2013, 11:34 AM
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#1 |
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Opinionated bugger!
Drives: Boss 302, Mazda 2, Praga & Intrepid Join Date: Feb 2011
Location: Oakville
Posts: 1,897
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Judge has ruled Detroit is allowed to go Bankrupt
Judge rules Detroit is eligible for historic Chapter 9 bankruptcy; says pensions can be cut.
Interested to see how this plays out. I'm rooting for Detroit, but this is going to be hard on a lot of people.
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 Follow me on forums everywhere as Fenderaddict2 or my kid on the track and Twitter @fastmyles |
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12-03-2013, 12:56 PM
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#2 |
 
Drives: 2012 Corvette GS Join Date: May 2012
Location: Sunny California
Posts: 620
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California is paying attention for sure.
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12-03-2013, 01:08 PM
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#3 |
        
Drives: Evil Eva, 2010 2SS LS3 Join Date: Aug 2013
Location: Falls Church, Virginia
Posts: 3,600
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This is all a publicity stunt to drum up ticket sales for the new RoboCop movie
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"You simply cannot trust quotes found on the internet." -Abraham Lincoln
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12-03-2013, 01:13 PM
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#4 |
Drives: 2000 Camaro SS Join Date: Feb 2010
Location: Louisville, Ky.
Posts: 25,165
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Ideology will always lose to simple math and economics. You can only spend what you don't have for so long.
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12-03-2013, 01:23 PM
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#5 |
 
Drives: 2013 Porsche 981S Join Date: Feb 2012
Location: TN
Posts: 329
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I wonder if Detroit will have to sell off their multi-billion dollar art collection and pay some of their creditors as a part of this process.
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