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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: ggersh who wrote (113284)9/8/2015 4:30:11 PM
From: bart13  Read Replies (1) | Respond to of 218577
 
Perhaps, but it was still the D's who got both Chicago and Detroit into those disgusting financial conditions... let alone Illinois who have had at least 3 D governors in a row end up in jail.



To: ggersh who wrote (113284)9/8/2015 4:40:25 PM
From: Snowshoe  Respond to of 218577
 
Detroit's emergency manager handed control back to the mayor and city council in December 2014...

Detroit
en.wikipedia.org

The Governor of Michigan, Rick Snyder, declared a financial emergency for the city in March 2013, appointing an emergency manager. On July 18, 2013, Detroit filed the largest municipal bankruptcy case in U.S. history.[19] It was declared bankrupt by Judge Steven W. Rhodes of the Bankruptcy Court for the Eastern District of Michigan on December 3, 2013; he cited its $18.5 billion debt and declared that negotiations with its thousands of creditors were unfeasible.[20] On November 7, 2014, Judge Rhodes approved the city's bankruptcy plan, allowing the city to begin the process of exiting bankruptcy.[21]

The City of Detroit successfully exited Chapter 9 municipal bankruptcy with all finances handed back to the city at midnight on December 11, 2014.[22][23][24]