Zero Hedge embedded this Barclays piece about the Detroit Bankruptcy. I don’t agree with all of it, but it is a worthwhile read, and until they take it down, here it is.

 

 

Barclays Municipal Research Detroit – Chapter 9 Begins

Category: Fixed Income/Interest Rates, Legal, Think Tank

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

5 Responses to “Barclays: Detroit Chapter 9 Begins”

  1. VennData says:

    IT’S JUST ONE MORE COMPLEX PIECE IN OBAMA’S INSIDIOUS PLAN TO TAKEOVER, WHICH HE ALREADY HAS!!!

    ZERO HEDGE HAS LAID IT ALL OUT FOR ME!!! I FINALLY SEE!!!!

    http://www.zerohedge.com/news/2013-08-09/guest-post-tyranny-rules

    Living Under Tyranny and the Solidification of the Obama Dictatorship

    The Obama dictatorship is virtually complete. Since he began the occupation of what was once our White House, the dictator-in-chief has been busy writing one Executive Order after another designed to replace US law…with ObamaLaw.

    Under normal and saner times, these EOs would mean little-to-nothing because the checks and balances of co-equal branches of government would render them null and void if they flew in the face of Constitutional law. But, today, insanity is reigning supreme.

    Note: For those of you raised in the government public school systems over the last three decades, the US Congress (which includes the House of Representatives and the Senate) and SCOTUS (the Supreme Court of the United States of America) are co-equal (under the US Constitution) with and to the Executive branch and each of the three branches of the US federal government legally carries 1/3 each of the power to run said government.

    • Angryman1 says:

      Zerohedge would replace American law with international law……………of the capitalist. Boy, this can be spun many ways.

      • VennData says:

        I am mocking Zero Hedgehog. Sorry if that’s not clear.

      • Frwip says:

        I thought the original piece was a bit weak.

        No mention of Obama being brown and muslim and indonesian and kenyan and terrorist fistbump and all that. And no mention of global warming being a hoax hatched to take away our freedom fries, although our good friend Dana Rohrabacher is thankfully on the case (And yes, that putz from Orange County really seats on the House Science Committee. It’s not a joke…).

  2. victor says:

    True! And MSNBC’s Ed Schultz hit it right on: “Conservatives are using the most insulting language possible that they can come up with to blame unions, blame black people, blame their culture, for Detroit’s troubles”.

    Read more: http://newsbusters.org/blogs/andrew-lautz/2013/08/05/msnbcs-schultz-democracy-dead-detroit-republican-parasites-blame#ixzz2bhUxr3nB