Detroit Bailout?
Detroit Angling for More Federal Money
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  • Pete

    Don’t be surprised if someday the FED buys hundreds of billion dollars of junk (worthless) bonds of public and union pension funds.

  • Breif2

    Yesterday’s headline was “Detroit Offers Generous Deal to Pension Funds”. Remarkable how generous one can be with other people’s money.

  • gabrielsyme

    The Obama Administration made it clear… it would not provide the city a federal bailout.

    Shockingly, the Obama Administration again says one thing and means another. This sounds very much like the Administration will provide a bailout, just by stealth.

  • Corlyss

    I’ve said all along that the administration wouldn’t sit by and watch a majority black city like Detroit go without some kind of bailout, however it was disguised. They can’t help themselves.

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