[FairfieldLife] Re: Detroit Files for Bankruptcy
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
Re: [FairfieldLife] Re: Detroit Files for Bankruptcy
On 07/21/2013 01:04 PM, Richard J. Williams 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 You know this is karma at work. Who was at the forefront of destroying mass transit in American cities? The auto companies with General Motors in the lead. If they had not done that then as capitalism is collapsing US cities would be better set up for it like the Soviet Union was when it collapsed. There are jobs in the Bay Area but who wants to spend 4 to 5 hours a day commuting which can happen if the job is only 40 miles away. The other part of the karma also for cities that weren't auto manufacturers was the promise of ridiculous pensions. I don't recall that pensions were ever supposed to keep providing you the same income as you had when working. They were supposed to provide a comfortable retirement better than just Social Security by itself. Screwball politicians (both right and left) believed that boom times were forever. We have always had boom and bust cycles and idiots were apparently elected who did not know history. And you can also blame electing union leaders who didn't understand this either. What will work? Let the US collapse. The people will pick up the pieces and rebuilt. The rich will be off in a corner crying like 5 years but who gives a shit about those selfish brats.
[FairfieldLife] Re: Detroit Files for Bankruptcy
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 FairfieldLife@yahoogroups.com, 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
[FairfieldLife] Re: Detroit Files for Bankruptcy
I would love to see what some of these pensioners make, not just the low end ones, but all of them! --- In FairfieldLife@yahoogroups.com, John jr_esq@... wrote: 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 FairfieldLife@yahoogroups.com, 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
[FairfieldLife] Re: Detroit Files for Bankruptcy
Billy, We'll find out soon enough. They will have their day in court. Let's see how the judge rules the case. But I do sympathize for those who have worked hard to earn their pension. --- In FairfieldLife@yahoogroups.com, wgm4u no_reply@... wrote: I would love to see what some of these pensioners make, not just the low end ones, but all of them! --- In FairfieldLife@yahoogroups.com, John jr_esq@ wrote: 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 FairfieldLife@yahoogroups.com, 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
[FairfieldLife] Re: Detroit Files for Bankruptcy
--- In FairfieldLife@yahoogroups.com, John jr_esq@... wrote: Billy, We'll find out soon enough. They will have their day in court. Let's see how the judge rules the case. But I do sympathize for those who have worked hard to earn their pension. As do I; they were probably pandered to by self-seeking ambitious politicians seeking gain and glory (usually democrats). Democrats LOVE spending other people's money, truly modern day Robin Hoods. --- In FairfieldLife@yahoogroups.com, wgm4u no_reply@ wrote: I would love to see what some of these pensioners make, not just the low end ones, but all of them! --- In FairfieldLife@yahoogroups.com, John jr_esq@ wrote: 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 FairfieldLife@yahoogroups.com, 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
[FairfieldLife] Re: Detroit Files for Bankruptcy
wgm4u: Who can afford what the public Unions demand, nobody today! BTW, they have a great deal of their funds vested in private enterprise, ie the stock market!! If it weren't for corporations they'd have nothing but your tax dollar. The mainstream punditry will talk about unions, crime and high taxes as the causes of Detroit's bankruptcy, but the real answer is rooted in something far more basic: cars are easy to make, and Detroit's biggest employers make cars. The Unions Didn't Bankrupt Detroit, But Great American Cars Did' http://tinyurl.com/muhst3f
Re: [FairfieldLife] Re: Detroit Files for Bankruptcy
On 07/19/2013 10:24 AM, raunchydog wrote: --- In FairfieldLife@yahoogroups.com, Michael Jackson mjackson74@... wrote: Its an interesting documentary with a major flaw - he seems to think the answer to all problems is for the US government to start issuing our own money again, but as he points out in the film, its not how much money there is but who controls it - if we were to switch to the system he proposes, who would be in charge of the mint and the printing press - Al Greenspan? Tim Geitner? That bastard Hank Paulson? Think they would do a more ethical job if they were printing the money instead of borrowing it? Getting more money into the hands of more people stimulates the economy. Paul Krugman has written extensively on this topic. The one per centers aren't using their money to create jobs. Krugman seems like a number of other economists to feel blindsided by the administrations efforts to keep the dollar viable in their meetings with European leaders. Krugman believes that will result in a permanent depression in the American economy.
Re: [FairfieldLife] Re: Detroit Files for Bankruptcy
dear Seraphita, while you're seething and nurturing and being loved taciturnly by Ravi, you could also be posting at Buddha At the Gas Pump (BATGAP) or Fairfield Cafe, both yahoo groups and both with unlimited posting though way fewer active posters and not as much fun IMHO. But you could change that! BTW, two of us on FFL also post on BATGAP. From: Ravi Chivukula chivukula.r...@gmail.com To: FairfieldLife@yahoogroups.com FairfieldLife@yahoogroups.com Sent: Thursday, July 18, 2013 9:09 PM Subject: Re: [FairfieldLife] Re: Detroit Files for Bankruptcy Yep I was leaving work Seraphita baby. Anyway you will have an opportunity to both seethe in resentment and nurture your pathological taciturnity the whole next week. But remember I love you and please come back the week after. On Thu, Jul 18, 2013 at 6:12 PM, Seraphita s3raph...@yahoo.com wrote: I've always resented rules. Rules are OK for children but adults should follow their own whims. There's a godawful heat wave here in the UK (those of you within spitting distance of Death Valley are allowed to sneer at this point) and the temperatures mean I can't sleep at night! (Air-conditioning is unheard of in London.) Might as well pester you Yanks - if I have to suffer then you buggers are going to have to suffer also. It's 2am as I type. Bet you're only just back from the office. Funny you say I love to talk - everyone I know regards me as pathologically taciturn! --- In FairfieldLife@yahoogroups.com, Ravi Chivukula wrote: God Seraphita - I know you love to talk and we love listening to you but there's a 50 post limit on FFL here. Goddamn what the fuck is wrong with you Brits - can't you fucking follow rules? On Thu, Jul 18, 2013 at 5:37 PM, Seraphita s3raphita@... wrote: ** The extent of political corruption in Detroit is jaw-dropping. And Jesus do I loathe corrupt politicians! Why don't the police ever arrest these slimeballs? Even here in the UK the news of the Detroit bankruptcy was widely reported. (I can't recall a single UK county ever being declared bankrupt - don't think it's even a possible option). But I'm curious: what happens now? If Detroit is declared bankrupt does that mean all their debts are simply wiped out - tough shit on any creditors - and they walk away with a grin. What's the downside in situations this? There must be a downside or everyone would go for the option. --- In FairfieldLife@yahoogroups.com, John wrote: 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. http://news.yahoo.com/detroit-files-for-bankruptcy-protection-202227106.html
[FairfieldLife] Re: Detroit Files for Bankruptcy
Who can afford what the public Unions demand, nobody today! BTW, they have a great deal of their funds vested in private enterprise, ie the stock market!! If it weren't for corporations they'd have nothing but your tax dollar. --- In FairfieldLife@yahoogroups.com, Michael Jackson mjackson74@... wrote: While I agree that the economic systems need change what he is proposing is unworkable. The same people who are in charge now beginning to print and mint money will simply result in more theft and corruption. I hate to sound like a new age-er or God Forbid, some wall-eyed Marshy Effect mush brain, but the only way for things to change is for the PEOPLE who run things to change and that is unlikely to happen as those in power got there, with all its wealth and perks by using the existing systems. They are not going to dismantle the system that made them rich and powerful to begin with, and no amount of Domes with sleeping sidhas are going to change the politicians and Wall Street bankers awareness. I also dislike it when people try to shore up their ideas by playing fast and loose with the historical record. The truth is the monetary systems of ancient Rome were much more complex and changed from time to time according to the needs of the rulers. Do a little research and you will see that his portrayal of ancient Rome as a fine, moral upstanding monetary system that served the people is at least too simplistic and in fact wrong. The monetary system of those times allowed whoever could acquire the most money to by power, influence and protection from the army, just like today. From: Bhairitu noozguru@... To: FairfieldLife@yahoogroups.com Sent: Friday, July 19, 2013 12:45 PM Subject: Re: [FairfieldLife] Detroit Files for Bankruptcy  That's why we want a government of the people and for the people not a government for the corporations and by the corporations. The latter is what is happening and is known as Neo-Liberalsim or corporate communism. The main thing I liked about his documentary was tracing through history how the rich keep wanting to control the populace through money starting with Rome as an example. You might want to check out his web site and his forum where these things are discussed. http://secretofoz.billstill.com/ What is money after all other than a way to do trade conveniently. If we were doing barter then you run into a situation where Bill has something you want but Bill doesn't want what you have in trade but he wants what Jim has to trade and Jim wants what you have. Gets complicated so instead we give credits in terms of money to make these exchanges easier. That's all money is. It doesn't need to be a representation of some rare precious metal. You need some official organization to make sure that money isn't counterfeit and that a good role for government when run by the people and not the rich. I got a kick out of that former gold trader saying that at the end of the week the people at the gold trading office still wanted to be paid in paper. Here's a video where the host interviews a woman, Susanne Posel, who is exposing what the banks are up to stealing people's homes. https://www.youtube.com/watch?v=3VPR37kY_UQ Posel's web site: http://www.occupycorporatism.com/ The big anti Agenda 21 activist is Rosa Koire, a liberal from Sonoma (where Willy wants to move). http://www.democratsagainstunagenda21.com/ Personally I always thought that Agenda 21 looked like a cluster fuck that happens when a committee puts outrageous things in a report to see if the other members of their organization actually reads it. Apparently some cities are taking it seriously. BTW, Shemp was quite a character. He was elsewhere on the Internet under his real name especially stirring things up in the comments sections on HuffPo. He had a web site as a financial advisor and it sounded like right before he split from FFL his home was underwater which would not be good if you are trying to sell financial advice. Personally I always found posting limits silly and a sign that TM wasn't working for some people if they couldn't handle the traffic on FFL. There were just some people who Twitter would have been a better format (and probably still so). ;-) On 07/18/2013 07:26 PM, Michael Jackson wrote: Its an interesting documentary with a major flaw - he seems to think the answer to all problems is for the US government to start issuing our own money again, but as he points out in the film, its not how much money there is but who controls it - if we were to switch to the system he proposes, who would be in charge of the mint and the printing press - Al Greenspan? Tim Geitner? That bastard Hank Paulson? Think they would do a more ethical job if they were printing the money instead of borrowing
[FairfieldLife] Re: Detroit Files for Bankruptcy
--- In FairfieldLife@yahoogroups.com, Michael Jackson mjackson74@... wrote: Its an interesting documentary with a major flaw - he seems to think the answer to all problems is for the US government to start issuing our own money again, but as he points out in the film, its not how much money there is but who controls it - if we were to switch to the system he proposes, who would be in charge of the mint and the printing press - Al Greenspan? Tim Geitner? That bastard Hank Paulson? Think they would do a more ethical job if they were printing the money instead of borrowing it? Getting more money into the hands of more people stimulates the economy. Paul Krugman has written extensively on this topic. The one per centers aren't using their money to create jobs. That's too much like work. Fancy financial instruments and fewer or unenforced financial regulations incentivizes playing and manipulating markets rather than creating jobs. Lest we forget, Detroit got swindled by Wall Street because the world's biggest banks manipulated interest rates (see link below). Detroit's bankruptcy court decisions will be up to one unelected official, Kevyn Orr, the city's emergency manager, appointed by Gov Rick Snyder under the financial martial law he signed 2011. Since then, Detroit's city contracts and public properties have been subject to Orr's sole discretion. He sold off large chunks of public property, attempted to sell off Detroit's art collection (the state Attorney General stopped him), slashed public services, ambulance services, and repairs to infrastructure, streetlights, sewers, roads, schools. Bottom line, a city with fewer jobs and a dwindling population means less tax revenue to manage the city. Since Orr's cuts to services and sale of property aren't enough to balance the books, Orr will have an even freer hand to reneg on pension promises to city retirees. As usual the poor get the squeeze. http://thinkprogress.org/economy/2012/12/19/1364661/libor-rigging-costs-taxpayers/?mobile=wt From: Bhairitu noozguru@... To: FairfieldLife@yahoogroups.com Sent: Thursday, July 18, 2013 9:31 PM Subject: Re: [FairfieldLife] Detroit Files for Bankruptcy  On 07/18/2013 05:06 PM, John wrote: 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. http://news.yahoo.com/detroit-files-for-bankruptcy-protection-202227106.html Only the beginning and coming to a city near you. Oops, forgot Vallejo just a few miles from here declared bankruptcy and so did Stockton over in the valley. The banksters don't like the commoners to own property. That's why you are hearing people losing their homes that they've even paid off. Take a look at that documentary I linked to earlier: http://www.youtube.com/watch?v=swkq2E8mswI Or it's the karma of a country that bombed and invaded sovereign countries. Karma is a bitch.
[FairfieldLife] Re: Detroit Files for Bankruptcy
The extent of political corruption in Detroit is jaw-dropping. And Jesus do I loathe corrupt politicians! Why don't the police ever arrest these slimeballs? Even here in the UK the news of the Detroit bankruptcy was widely reported. (I can't recall a single UK county ever being declared bankrupt - don't think it's even a possible option). But I'm curious: what happens now? If Detroit is declared bankrupt does that mean all their debts are simply wiped out - tough shit on any creditors - and they walk away with a grin. What's the downside in situations this? There must be a downside or everyone would go for the option. --- In FairfieldLife@yahoogroups.com, John wrote: 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. http://news.yahoo.com/detroit-files-for-bankruptcy-protection-202227106.\ html
Re: [FairfieldLife] Re: Detroit Files for Bankruptcy
God Seraphita - I know you love to talk and we love listening to you but there's a 50 post limit on FFL here. Goddamn what the fuck is wrong with you Brits - can't you fucking follow rules? On Thu, Jul 18, 2013 at 5:37 PM, Seraphita s3raph...@yahoo.com wrote: ** The extent of political corruption in Detroit is jaw-dropping. And Jesus do I loathe corrupt politicians! Why don't the police ever arrest these slimeballs? Even here in the UK the news of the Detroit bankruptcy was widely reported. (I can't recall a single UK county ever being declared bankrupt - don't think it's even a possible option). But I'm curious: what happens now? If Detroit is declared bankrupt does that mean all their debts are simply wiped out - tough shit on any creditors - and they walk away with a grin. What's the downside in situations this? There must be a downside or everyone would go for the option. --- In FairfieldLife@yahoogroups.com, John wrote: 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. http://news.yahoo.com/detroit-files-for-bankruptcy-protection-202227106.html
[FairfieldLife] Re: Detroit Files for Bankruptcy
I've always resented rules. Rules are OK for children but adults should follow their own whims. There's a godawful heat wave here in the UK (those of you within spitting distance of Death Valley are allowed to sneer at this point) and the temperatures mean I can't sleep at night! (Air-conditioning is unheard of in London.) Might as well pester you Yanks - if I have to suffer then you buggers are going to have to suffer also. It's 2am as I type. Bet you're only just back from the office. Funny you say I love to talk - everyone I know regards me as pathologically taciturn! --- In FairfieldLife@yahoogroups.com, Ravi Chivukula wrote: God Seraphita - I know you love to talk and we love listening to you but there's a 50 post limit on FFL here. Goddamn what the fuck is wrong with you Brits - can't you fucking follow rules? On Thu, Jul 18, 2013 at 5:37 PM, Seraphita s3raphita@... wrote: ** The extent of political corruption in Detroit is jaw-dropping. And Jesus do I loathe corrupt politicians! Why don't the police ever arrest these slimeballs? Even here in the UK the news of the Detroit bankruptcy was widely reported. (I can't recall a single UK county ever being declared bankrupt - don't think it's even a possible option). But I'm curious: what happens now? If Detroit is declared bankrupt does that mean all their debts are simply wiped out - tough shit on any creditors - and they walk away with a grin. What's the downside in situations this? There must be a downside or everyone would go for the option. --- In FairfieldLife@yahoogroups.com, John wrote: 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. http://news.yahoo.com/detroit-files-for-bankruptcy-protection-202227106.\ html
Re: [FairfieldLife] Re: Detroit Files for Bankruptcy
Yep I was leaving work Seraphita baby. Anyway you will have an opportunity to both seethe in resentment and nurture your pathological taciturnity the whole next week. But remember I love you and please come back the week after. On Thu, Jul 18, 2013 at 6:12 PM, Seraphita s3raph...@yahoo.com wrote: ** I've always resented rules. Rules are OK for children but adults should follow their own whims. There's a godawful heat wave here in the UK (those of you within spitting distance of Death Valley are allowed to sneer at this point) and the temperatures mean I can't sleep at night! (Air-conditioning is unheard of in London.) Might as well pester you Yanks - if I have to suffer then you buggers are going to have to suffer also. It's 2am as I type. Bet you're only just back from the office. Funny you say I love to talk - everyone I know regards me as pathologically taciturn! --- In FairfieldLife@yahoogroups.com, Ravi Chivukula wrote: God Seraphita - I know you love to talk and we love listening to you but there's a 50 post limit on FFL here. Goddamn what the fuck is wrong with you Brits - can't you fucking follow rules? On Thu, Jul 18, 2013 at 5:37 PM, Seraphita s3raphita@... wrote: ** The extent of political corruption in Detroit is jaw-dropping. And Jesus do I loathe corrupt politicians! Why don't the police ever arrest these slimeballs? Even here in the UK the news of the Detroit bankruptcy was widely reported. (I can't recall a single UK county ever being declared bankrupt - don't think it's even a possible option). But I'm curious: what happens now? If Detroit is declared bankrupt does that mean all their debts are simply wiped out - tough shit on any creditors - and they walk away with a grin. What's the downside in situations this? There must be a downside or everyone would go for the option. --- In FairfieldLife@yahoogroups.com, John wrote: 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. http://news.yahoo.com/detroit-files-for-bankruptcy-protection-202227106.html
[FairfieldLife] Re: Detroit Files for Bankruptcy
Seraphita, On the same page of the referenced article, there's a video that showed the governor of Michigan saying that the city of Detroit was not earning enough money to pay for its debt due to the loss of the population in the area. He mentioned that it can only pay 60 cents for every dollar it owes. So, that would mean that the city's debt will be restructured so that each creditor will only get paid about 60 percent of what the city owes them. Essentially, it's a big loss for the creditors. And, the city gets to live another life with the debt load off its back. IMO, the city should survive with adequate management from the officials. There's a reason why Detroit started from that location. The city would just have to find its strengths and work with those. A few weeks ago, we posted an article here on the forum that stated a Chinese auto company is interested in moving into the city to do its business. So, clearly there's an advantage for them to be there that other American companies have failed or refuse to recognize. --- In FairfieldLife@yahoogroups.com, Seraphita s3raphita@... wrote: The extent of political corruption in Detroit is jaw-dropping. And Jesus do I loathe corrupt politicians! Why don't the police ever arrest these slimeballs? Even here in the UK the news of the Detroit bankruptcy was widely reported. (I can't recall a single UK county ever being declared bankrupt - don't think it's even a possible option). But I'm curious: what happens now? If Detroit is declared bankrupt does that mean all their debts are simply wiped out - tough shit on any creditors - and they walk away with a grin. What's the downside in situations this? There must be a downside or everyone would go for the option. --- In FairfieldLife@yahoogroups.com, John wrote: 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. http://news.yahoo.com/detroit-files-for-bankruptcy-protection-202227106.\ html
Re: [FairfieldLife] Re: Detroit Files for Bankruptcy
Seraphita, you may read now only and experience your taciturn self both online and offline. Smile. An entire week to meditate on your resentment against rules - ha. FFL has very few, but this is one of them and it's out of your control. But, do come back now and pester us Yanks again. From: Seraphita s3raph...@yahoo.com To: FairfieldLife@yahoogroups.com Sent: Thursday, July 18, 2013 6:12 PM Subject: [FairfieldLife] Re: Detroit Files for Bankruptcy I've always resented rules. Rules are OK for children but adults should follow their own whims. There's a godawful heat wave here in the UK (those of you within spitting distance of Death Valley are allowed to sneer at this point) and the temperatures mean I can't sleep at night! (Air-conditioning is unheard of in London.) Might as well pester you Yanks - if I have to suffer then you buggers are going to have to suffer also. It's 2am as I type. Bet you're only just back from the office. Funny you say I love to talk - everyone I know regards me as pathologically taciturn! --- In FairfieldLife@yahoogroups.com, Ravi Chivukula wrote: God Seraphita - I know you love to talk and we love listening to you but there's a 50 post limit on FFL here. Goddamn what the fuck is wrong with you Brits - can't you fucking follow rules? On Thu, Jul 18, 2013 at 5:37 PM, Seraphita s3raphita@... wrote: ** The extent of political corruption in Detroit is jaw-dropping. And Jesus do I loathe corrupt politicians! Why don't the police ever arrest these slimeballs? Even here in the UK the news of the Detroit bankruptcy was widely reported. (I can't recall a single UK county ever being declared bankrupt - don't think it's even a possible option). But I'm curious: what happens now? If Detroit is declared bankrupt does that mean all their debts are simply wiped out - tough shit on any creditors - and they walk away with a grin. What's the downside in situations this? There must be a downside or everyone would go for the option. --- In FairfieldLife@yahoogroups.com, John wrote: 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. http://news.yahoo.com/detroit-files-for-bankruptcy-protection-202227106.html
