What happens if detroit cannot pay for its police etc..

Discussion in 'Politics' started by noob_trad3r, May 13, 2013.

  1. This I gotta see.

    The homeless and junkies don't drive the good people out of the park, au contraire, the good people abandoned the city. If you locked up the riff raff, you'll end up with an empty park.
    #41     May 14, 2013
  2. Wallet


    Successful restructuring of GM and Fannie Mae........ROTFLMAO!

    If that's what you call it?
    #42     May 14, 2013
  3. Why don't you give a shit tards fix it, before you have to go begging for the federal govt teat?
    #43     May 14, 2013
  4. what makes you think he lives in Detroit?
    #44     May 14, 2013
  5. That's what is called when a company who was not money starts to make money:)


    Mortgage financing giant Fannie Mae Tuesday reported a record profit of $17.2 billion for 2012, a testament to how much the housing market has improved lately.
    Just four years ago, the government had to step in and take control of Fannie Mae, which was brought down to its knees by deep losses from foreclosures and plunging home prices after the real estate bubble had burst.
    It was the first full year profit reported by the company since 2006, and marked a significant turnaround from the $16.9 billion loss it posted for 2011.
    It also means that Fannie Mae is poised to pay tens of billions of dollars in additional dividends to the U.S. Treasury, perhaps as soon as this quarter, in what could turn out to be its largest repayment to date. The government has pumped in $116 billion in bailout funds in its rescue of the company.
    #45     May 14, 2013
  6. A secessionist like yourself may not understand that Detroit is an American icon that needs to be cleaned up. Michigan does have it in it's constitution to take over the city if failure is imminent, and they should.
    #46     May 14, 2013
  7. Sometimes choices have to be made. New York was cleaned up. The Motor City has to make a choice. If they don't, it needs to be made for them.
    #47     May 14, 2013
  8. Tsing Tao

    Tsing Tao

    Do I believe that Detroit can undergo a successful restructuring? Yes, perhaps with full-blown bankruptcy to rid any union obligation it may have. Do I believe there is the political will for such a move? No. I think what happens to Detroit and the greater Michigan is akin to what will happen to Greece and a greater EU: An extension of debt, no real restructuring, and trying to solve debt with debt but ignoring the underlying issues that got it there.
    #48     May 14, 2013
  9. My question to you P(recious)M(etals) Is:
    If detroit needs cleaning up, who are the scum that sullied it?
    #49     May 14, 2013
  10. Lucrum


    I missed the P(recious)M(etals) thing, quote or link?
    #50     May 14, 2013