aGameOfThrones
10-27-2013, 03:08 PM
Cuts to Detroit's public pensions and retiree healthcare were inevitable given the city's sagging finances, a top consultant for the city testified on Friday during the third day of a trial to determine whether the city is eligible for bankruptcy.
Money owed to Detroit workers and retirees is a key factor in the case, which will also hear testimony by Kevyn Orr, Detroit's state-appointed emergency manager. Orr is expected to explain efforts to negotiate with the city's numerous creditors, including retirees and pension funds, before deciding to file for the largest-ever Chapter 9 municipal bankruptcy on July 18.
http://finance.yahoo.com/photos/pension-cut-is-a-must-for-detroit-1382733602-slideshow/
http://l.yimg.com/bt/api/res/1.2/NZTn0cYPC3Wb_Q3z5MrrHw--/YXBwaWQ9eW5ld3M7Zmk9aW5zZXQ7aD00MTU7cT03NTt3PTYzMA--/http://l.yimg.com/os/publish-images/finance/2013-10-25/c5be02bd-2bfb-412f-b945-817ad1c81e15_2013-10-25T190251Z_1048144065_GM1E9AQ08BA01_RTRMADP_3_USA-DETROIT-BANKRUPTCY.JPG
It seems like America and God got the shitty end of the deal.
Money owed to Detroit workers and retirees is a key factor in the case, which will also hear testimony by Kevyn Orr, Detroit's state-appointed emergency manager. Orr is expected to explain efforts to negotiate with the city's numerous creditors, including retirees and pension funds, before deciding to file for the largest-ever Chapter 9 municipal bankruptcy on July 18.
http://finance.yahoo.com/photos/pension-cut-is-a-must-for-detroit-1382733602-slideshow/
http://l.yimg.com/bt/api/res/1.2/NZTn0cYPC3Wb_Q3z5MrrHw--/YXBwaWQ9eW5ld3M7Zmk9aW5zZXQ7aD00MTU7cT03NTt3PTYzMA--/http://l.yimg.com/os/publish-images/finance/2013-10-25/c5be02bd-2bfb-412f-b945-817ad1c81e15_2013-10-25T190251Z_1048144065_GM1E9AQ08BA01_RTRMADP_3_USA-DETROIT-BANKRUPTCY.JPG
It seems like America and God got the shitty end of the deal.