UPDATE 3-Detroit closer to exiting bankruptcy after swaps deal approval

Comments (2)
ChuckRanger wrote:

SWAPS, DERITAVIES AND MORE OF THE SAME AS IN 2007

Apr 11, 2014 1:45pm EDT  --  Report as abuse
moweddell wrote:

Creditors are taking a real bath on this issue!!! The large creditors will loose billions, and of course must make it up from other sources (ie), other consumers and businesses, etc. Thus, taxpaying citizens and investors as far away as Texas must absorbe the rampant spending sprees these Democratic leaders and their liberal voters supported for decades. Treat them like others in bankruptcy, sell off their assets, cut the pension plans, and pay off more bills, if there is a balance due, make their taxpayers pay it – its their fault. I am not sympathetic to their self imposed disaster. They should all learn to pay as you go, balance a budget, like citizens in Texas. They have not learned their lessons and will repeat the same misguided behavior. Like the quote says: “Sooner or later liberals are going to run out of other peoples money to spend.” They are ignorant of the past, therefore they are condemned to repeat it!!!

Apr 11, 2014 2:08pm EDT  --  Report as abuse
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