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In Four More Years We'll Be Detroit

Poesmom Wrote: Nov 17, 2012 7:52 AM
Once the left rewrites history, that's IT! No matter how many times people explain this, they continue to say it was the greedy banks who caused it. Like, banks are so greedy, they willingly loan money to people who will never be able to pay it back just so they can try to come up with am underhanded way to get it back. Dodd and Frank had nothing to do with it. Janet Reno didn't say no more redlining and force them to make those loans. That's their story and they're sticking to it.

From one moment to the next the city of Detroit doesn’t know where its next bailout is coming from. Chronically unable to pay its bills, the city looks to the state for cash gifts to stave off default. Operating under the terms of a consent agreement hammered out with the state, Detroit faces fiscal uncertainty largely because it has failed to get adequate concessions from public employee unions that are unsustainable. And those concessions that they have wrested from unions, politicians in Detroit have been unwilling to enforce.     

One prominent Detroit attorney, however, is facing the future of the Motor...

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