Seeking Alpha

Lew quashes thoughts of Detroit bailout

Comments (8)
  • Lew to Detroit: Drop Dead!
    Shades of Gerald Ford/NYC.
    28 Jul 2013, 02:58 PM Reply Like
  • Chicago is next.
    28 Jul 2013, 03:03 PM Reply Like
  • Not a chance. Chicago has a much bigger and diversified tax base than Detroit had.
    28 Jul 2013, 04:22 PM Reply Like
  • Be interesting to see if those trade unions, which re-elected the Clown In Chief, have any real influence over The Regime, or if they wasted all that money they collected as membership dues and distributed to their favorite pro-union politicians.
    28 Jul 2013, 05:00 PM Reply Like
  • Get the BK over with so the people can see what happens when they are bribed with their own money. The people need to understand how this plays out as well - the results of bribes and mismanagement.

     

    Economically-illiterate, ignorant fools elect politicians who make such promises.
    28 Jul 2013, 07:26 PM Reply Like
  • The consensus seems to be that the Detroit Bankruptcy case could last more than a year, unlike the "quick rinse" pre-packaged federally-sponsored bankruptcies of GM and Chrysler. And the lawsuits from the aggrieved parties, like union pensions and such, could go on for years after that.
    28 Jul 2013, 07:51 PM Reply Like
  • The civil rights movement has mayored Detroit for the last 40 years, where are they now?
    28 Jul 2013, 10:33 PM Reply Like
  • Not too surprising to see the Afl-CIO call for the fed to continue paying the absurd and unaffordable pension plans that helped sink Detroit. Garbage collectors, meter readers, office workers etc should retire at 50 and the rest of the country should pay them up to 80% of there salary. I guess working 40 hour weeks in the winter and 35 hours because there air conditioned offices are too warm in the summer is so demanding. The rest of America should not bail out sloth like government workers in Detroit, New York, Chicago etc. Retire at 65 like the rest of us and try to be somewhat productive.
    29 Jul 2013, 09:16 AM Reply Like
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