NINE SOLID REASONS WHY THE DETROIT BANKRUPTCY IS A SCAM
Should have just wrote "please ignore the past 60 years of governing decisions by democrats the past month is the reason Detroit is in this position". Oh and #5 I hilarious, yes having the population of your city living in hotels is a sign of a booming economy.
2. Detroit’s city manager, Kevyn Orr, is a bankruptcy attorney. The first bill paid during the drawdown to the bankruptcy process was $1.4 million to Orr’s former law firm.
If you had a $1.4 million dollar tab on the table for a customer and they were filing bankruptcy wouldn't you do what you could to get paid? That kind of money can put people out of business in a hurry.
Yes the fact that the city doesn't have a tax base anymore to support its budget let alone its pension obligation should totally be ignored because that isn't really important fact to consider. No it has to be some big evil Republican conspiracy behind it.
The best way to predict the future is to invent it!
.....a rising GDP is another indication of better times to come.
Straight out of the Obama playbook talking points. They've been borrowing a million dollars a year since 2008. They have over $19 billion in obligations they have no chance of meeting. But there are "better times to come." Let's prop them up and continue bleeding cash. Dumb.
Hmmm..."Detroit’s city manager, Kevyn Orr, is a bankruptcy attorney. The first bill paid during the drawdown to the bankruptcy process was $1.4 million to Orr’s former law firm."
Wait a minute, isn't that how Detroit got into trouble in the first place? I'm just making an educated guess, but I suspect that Mr. Orr is a Democrat...
Hey was appointed by a Republican governor.
Anyhow, it's common practice for bankruptcy lawyers to be paid for their services before creditors receive anything. The fact that they received payment is not a conflict of interest in itself. The questions that should be asked are:
1. Was a bankruptcy lawyer necessary?
2. Is a $1.4 million fee appropriate for the services already rendered?
3. What kind of fees will be incurred for future services, and are those appropriate/necessary?