Per CNBC Detroit files for Chapter 9 bankruptcy protection

[PostmodernProphet]

read the history

but its not a history of outsourcing.....

 

[evince]

yeah they should have bought unsave at any speed corvairs and gas tank bomb pintos

 

[evince]

but its not a history of outsourcing.....

dude Im don't with you because you refuse the facts given you bye toilet brain

 

[Billy the Great Khan]

And when you are getting beat by your competition.....you put forth a better product....not shut factories and parts supply companies down in order to keep producing shitty vehicles and still.make a.shit.load of money.

Also not outsourcing.

Like I said, not at all connected.

 

[PostmodernProphet]

It's always about damning the people who put the rich people where they are, isn't it?

actually no....its always about damning rich people......

 

[PostmodernProphet]

dude Im don't with you because you refuse the facts given you bye toilet brain

its not our fault you didn't know what outsourcing meant......

 

[Cancel 2016.2]

Why did you groan that post Billy? Am I wrong? Do they not have a massive art collection owned by the City? Should they not sell off their assets to pay their bills?

 

[evince]

it will be the people of detroits choice and not ours

 

[Minister of Truth]

yeah they should have bought unsave at any speed corvairs and gas tank bomb pintos

Pretty sure the Big 3 sold more than just two models of car back then...

 

[PostmodernProphet]

Why did you groan that post Billy? Am I wrong? Do they not have a massive art collection owned by the City? Should they not sell off their assets to pay their bills?

the state paid for it, not the city....we should get it back.....

 

[PostmodernProphet]

it will be the people of detroits choice and not ours

actually, its now the federal bankruptcy judge's choice....

 

[Cancel 2016.2]

it will be the people of detroits choice and not ours

what will?

 

[Billy the Great Khan]

Why did you groan that post Billy? Am I wrong? Do they not have a massive art collection owned by the City? Should they not sell off their assets to pay their bills?

No, they should not. I'm a big fan of the DIA and of museums in general. They should instead sell of some of the property that has unknown ownership, break the city up into more manageable districts, cut taxes (but increase collection) and a whole host of other things.

 

[Cancel 2016.2]

the state paid for it, not the city....we should get it back.....

From what I read, the city is who owns them. Regardless of who paid for them, it is the ownership that matters. It will be up to the bankruptcy judge. I would personally sell them off and pay the creditors. That is the just thing to do. Especially since only Ohio would be a worse location for such a collection. Letting it sit in the shithole known as Detroit is a travesty to the art world.

 

[Steelplate]

What are you going to do? The American public are moronic little proles and won't quit buying foreign cars.

Not in the beginning....the American public, being creatures of habit, bought American Cars even though they were inferior...which.gave the big three the impression that they were doing fine....Now...the American Public....being creatures.of habit will keep buying foreign cars until the big three makes a vehicle that blows away the competition so so bad that they earn the trust of the consumer back.

 

[Cancel 2016.2]

No, they should not. I'm a big fan of the DIA and of museums in general. They should instead sell of some of the property that has unknown ownership, break the city up into more manageable districts, cut taxes (but increase collection) and a whole host of other things.

As long as their other property covers there debt, then there should be no problem with that approach. However, if it does not cover their debt, they should not be able to keep such an asset while stiffing their creditors.

 

[PostmodernProphet]

I wonder if anyone would give us money for the Detroit Symphony Orchestra.....I think that costs state taxpayers about $500k a year....hey Ohio!.....wanna buy an orchestra?.....you could retire the guy with an accordion you have in Toledo......

 

[Billy the Great Khan]

As long as their other property covers there debt, then there should be no problem with that approach. However, if it does not cover their debt, they should not be able to keep such an asset while stiffing their creditors.

Some of the creditors should be stiffed, like the city pension plans.

 

[Steelplate]

Some of the creditors should be stiffed, like the city pension plans.

Yeah...fuck...they've only worked in the public service all their lives and were promised those pensions as part of legally binding agreements.

 

[Voted4Reagan]

I wonder if anyone would give us money for the Detroit Symphony Orchestra.....I think that costs state taxpayers about $500k a year....hey Ohio!.....wanna buy an orchestra?.....you could retire the guy with an accordion you have in Toledo......

There's always the Tigers..... lol