Richard, I posted a continuation to this bankruptcy which stated that the bankruptcy filing may be unconstitutional. It appears that the unions and city employees don't want to lose their retirement money. So, they've convinced a judge to question the entire proceedings. So, we are now witnessing the start of a long legal battle whose end is nowhere in sight.
JR --- In [email protected], "Richard J. Williams" <richard@...> wrote: > > John jr_esq: > > This is probably unavoidable given the problems that > > the city has had for many years. On the other hand, > > home prices over there are probably really cheap as > > compared to the rest of the country, if anyone is > > willing to invest. > > > So, it looks like the blue model's current bill of > health is pretty poor. Maybe Detroit is a warning - > for those who choose to heed it. Go figure. > > 'DETROIT: A CAUTIONARY EXAMPLE TO OTHER CITIES, > AND TO AMERICA. `Nothing works here': Reality on the > streets of a broken Motor City' > http://tinyurl.com/l39xmts >
