Comments on: Detroit’s wildly accelerating bankruptcy process http://blogs.reuters.com/muniland/2014/03/25/detroits-wildly-accelerating-bankruptcy-process/ Bridges, budgets, bonds Mon, 24 Nov 2014 00:29:08 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: nixonfan http://blogs.reuters.com/muniland/2014/03/25/detroits-wildly-accelerating-bankruptcy-process/comment-page-1/#comment-2447 Thu, 27 Mar 2014 00:21:22 +0000 http://blogs.reuters.com/muniland/?p=13623#comment-2447 Debt claims against governments are difficult to enforce, because the debtor is the people, who are presumed by the judiciary to have a greater need for municipal resources than the creditor. The words in the debt contract dont matter. In the end, a claim against a municipal government or state will prove to have no greater lien than a claim against Argentina.

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By: billieshears http://blogs.reuters.com/muniland/2014/03/25/detroits-wildly-accelerating-bankruptcy-process/comment-page-1/#comment-2445 Tue, 25 Mar 2014 18:39:01 +0000 http://blogs.reuters.com/muniland/?p=13623#comment-2445 Detroit’s bankruptcy will cost the taxpayers of
the United States 30 billion when Detroit’s debt is
nationally socialized like the debt of GM, CHYRSLER,
Iceland, Stockton, the banks etc.
Kevyn Orr was hired to transfer as much of Detroit’s
debt from the state of Michigan to the Federal taxpayers.
Detroit is a player in the ‘Golden Age of Debt”

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