Ingham County judge rules Detroit bankruptcy be withdrawn - Page 2 - TigerDroppings.com

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RCDfan1950
LSU Fan
United States
Member since Feb 2007
10598 posts

re: Ingham County judge rules Detroit bankruptcy be withdrawn


quote:

Detroit is going bankrupt and there is nothing this thief can do about it.


Don't kid yourself, QC. There are a ton of Dem Cities that are in this mess; Obama virtually pissed on the Law and validity of any economic contract that can exist when he did the GM thing; you really think he'll let what would be 20 times GM just hang out to dry? No way. The checks to replace those pensions are GOING TO BE WRITTEN in some way, shape or form, through some regulatory bureaucratic mechanism, and it'll probably be under the radar, like the SSA Disability (ADHD) payouts.


That "thief" has the whole Prog machine backing her up. This is the essence of a model for the Statist future; no way they let if go bad. It's 'all in'.









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TigerintheNO
LSU Fan
New Orleans
Member since Jan 2004
22556 posts

re: Ingham County judge rules Detroit bankruptcy be withdrawn


quote:

it's slightly interesting in that the bankruptcy, being federal, stays any state court proceeding



The guestion will be is their standing in federal court? If action it against the state's constitustion, is their even grounds to make it to bankruptcy/federal court?






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CptBengal
USA Fan
BR Baby
Member since Dec 2007
37828 posts

re: Ingham County judge rules Detroit bankruptcy be withdrawn


quote:

“It’s also not honoring the (United States) president, who took (Detroit’s auto companies) out of bankruptcy.”




is this real life?






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CptBengal
USA Fan
BR Baby
Member since Dec 2007
37828 posts

re: Ingham County judge rules Detroit bankruptcy be withdrawn


quote:

“It’s also not honoring the (United States) president, who took (Detroit’s auto companies) out of bankruptcy.”




is this real life?






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80199 posts

re: Ingham County judge rules Detroit bankruptcy be withdrawn


quote:

is this real life?

Yes.








And, yes.






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RCDfan1950
LSU Fan
United States
Member since Feb 2007
10598 posts

re: Ingham County judge rules Detroit bankruptcy be withdrawn


It's on Cavuto right now...I knew it. Equating it with the Bank bailouts in the Financial Crisis. The Banks were responsible...the poor pensioners weren't at fault. Therefore.....! He we go. Buckle up...your money is ultimately goin in the kitty along with every other *Democratic* municipality in this country.







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CajunAngele
LSU Fan
Member since Oct 2012
11168 posts

re: Ingham County judge rules Detroit bankruptcy be withdrawn



Watch Obama announce Monday, an emergency bailout paid for by the taxpayers. Probably only 798 billion.






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CptBengal
USA Fan
BR Baby
Member since Dec 2007
37828 posts

re: Ingham County judge rules Detroit bankruptcy be withdrawn


quote:

Equating it with the Bank bailouts in the Financial Crisis.


bailouts imply a payback...giving it to Detroit is basically just burning this money.






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Sentrius
USA Fan
Fort Rozz
Member since Jun 2011
18423 posts

re: Ingham County judge rules Detroit bankruptcy be withdrawn


quote:

quote: It’s cheating, sir, and it’s cheating good people who work,” the judge told assistant Attorney General Brian Devlin. “It’s also not honoring the (United States) president, who took (Detroit’s auto companies) out of bankruptcy.”








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catholictigerfan
LSU Fan
Member since Oct 2009
38295 posts

re: Ingham County judge rules Detroit bankruptcy be withdrawn


so does the judge know that a check is in the mail for Detroit?





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RCDfan1950
LSU Fan
United States
Member since Feb 2007
10598 posts

re: Ingham County judge rules Detroit bankruptcy be withdrawn


For argument's sake, CB...haven't the Banks made a killing on Bernacke's QE...while REAL inflation (energy, hamburger, etc.) whacks the poor who live on pensions?

And re those pensions...aren't they tied to the performance of the Stock Market? If the SM is tied to QE, and QE shuts down, Markets tank...won't that affect even (supposedly) solvent Pensions?

I see no way it all don't go into a Government secured kitty...and given an exponential increase in accumulated debt with rising interest rates...just what kind of International deal are we going to be forced to cut in order to borrow?

Hell...I takin my tin foil hat off and going eat my pizza. This stuff sucks.







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goatmilker
New Orleans Saints Fan
2014 drunkin Bobby award winner!
Member since Feb 2009
15169 posts
 Online 

re: Ingham County judge rules Detroit bankruptcy be withdrawn


quote:

It's pretty obvious the public employee unions own that judge.



Ding ding ding!






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Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
15000 posts

re: Ingham County judge rules Detroit bankruptcy be withdrawn


quote:

It’s cheating, sir, and it’s cheating good people who work
What about the people who weren't even born who will be expected to pay taxes to provide retirement benefits for those "good people who work?" How are they not being cheated, and don't they count? Unfortunately, the people most responsible for the situation cannot be held accountable for their actions. They would be the politicians who approved the employment contracts with the unfunded pension liabilities. They knew they were not providing adequate contributions during the workers' careers to fund the benefits they promised. It would be poetic justice if Detroit was able to prioritize and discontinue paying them any retirement benefits before the benefits of any other former employees get reduced.






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BigJim
LSU Fan
Baton Rouge
Member since Jan 2010
2362 posts

re: Ingham County judge rules Detroit bankruptcy be withdrawn


quote:

She also ordered that a copy of her declaratory judgment be sent to President Barack Obama, saying he “bailed out Detroit” and may want to look into the pension issue.



cue bailout in 3, 2, 1...






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Crimson1st
Alabama Fan
Birmingham, AL
Member since Nov 2010
1685 posts

re: Ingham County judge rules Detroit bankruptcy be withdrawn


quote:

cue bailout in 3, 2, 1...


LOL! So this judge basically just determined Detroit is another one of these "too big to fail" entities?






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Wild Thang
New Orleans Saints Fan
Who Dat Nation!!!! 438
Member since Jun 2009
21944 posts

re: Ingham County judge rules Detroit bankruptcy be withdrawn


quote:

It’s cheating, sir, and it’s cheating good people who work,” the judge told assistant Attorney General Brian Devlin. “It’s also not honoring the (United States) president, who took (Detroit’s auto companies) out of bankruptcy.”








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NC_Tigah
LSU Fan
Member since Sep 2003
50648 posts

re: Ingham County judge rules Detroit bankruptcy be withdrawn


quote:

It’s cheating, sir, and it’s cheating good people who work,” the judge told assistant Attorney General Brian Devlin. “It’s also not honoring the (United States) president, who took (Detroit’s auto companies) out of bankruptcy.”
Wow! Just wow!






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MFn GIMP
LSU Fan
Owensboro, Kentucky
Member since Feb 2011
8399 posts

re: Ingham County judge rules Detroit bankruptcy be withdrawn


quote:

Ruling that the governor and Detroit’s emergency manager violated the state constitution, an Ingham County Circuit judge ordered Friday that Detroit’s federal bankruptcy filing be withdrawn.

I'm pretty sure that Michigan has very strong constitutional statutes protecting public employees.






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Beer Bryant
Alabama Fan
In a Hidden Bunker
Member since Jan 2012
8792 posts

re: Ingham County judge rules Detroit bankruptcy be withdrawn


Aquilina said she would make sure President Obama got a copy of her order.

“I know he’s watching this,” she said, predicting the president ultimately will have to do something to make sure existing city workers’ pension agreements are honored.










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Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
18152 posts

re: Ingham County judge rules Detroit bankruptcy be withdrawn


I have to give her credit, at least she didn't cite foreign case law that affected her ruling.


This post was edited on 7/19 at 5:01 pm


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