Jump to content
TEAM SHELBY FORUM

Detroit Prepares Bankruptcy


Recommended Posts

Without being political (because I know some people here are sensitive about that kind of thing), just wait until the Federal Government has to step in and start covering Muni Bond holders (less no federal, state or local government will ever be able to raise money again for basic infrastructure projects - ie. roads, sewer, water, schools, etc.). When that happens, the banking industry bailout is going to look like it was a picnic...

Link to comment
Share on other sites

California's dissolution of the redevelopment agencies has had impacts to local governments and their ability to fund development projects that would improve tax base and economic growth. I would not be surprised to see others here on the west coast file in the future.

Edited by H0050
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

×
×
  • Create New...
...