Tag: Bankrupt

VIDEO: Governor Rick Snyder on why he authorized bankruptcy for Detroit

VIDEO: Governor Rick Snyder on why he authorized bankruptcy for Detroit

Submitted without comment Michigan Governor Rick Snyder explains his decision to authorize Detroit Emergency Manager Kevyn to file for Chapter 9 municipal bankruptcy for the city:

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UPDATED: Detroit has filed for bankruptcy, largest city in US history to do so

UPDATED: Detroit has filed for bankruptcy, largest city in US history to do so

It was inevitable The Detroit Free Press is reporting this afternoon that Detroit Emergency Manager Kevyn Orr may file Chapter 9 municipal bankruptcy paperwork as early as tomorrow morning in an effort to stave off multiple lawsuits from various pension groups. The City of Detroit is in final preparations to file for federal bankruptcy as early as Friday morning, several […]

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Could Mitt Romney Go Bankrupt?

Could Mitt Romney Go Bankrupt?

His morals have been in a blind trust for decades Mitt Romney isn’t stupid. Okay, in 2007-2008 he apparently invested $35.4 million in a presidential run that was over by Valentine’s Day. But that was to be the next Reagan. Priceless. He hasn’t spent any of his quarter billion in assets yet for this Reaganpalooza. He isn’t receiving much support […]

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