Saturday, March 2, 2013

Detroit Declared a Financial Emergency. Governor Rick Snyder to Pick Manager.

  • 14 billion debt!
  • Who will take the manager's job?
  • The manager will have strong powers. Can sell property, fire personnel, dissolve unions, etc.
  • The city is about 75% black.
  • Will the manager have to be black?
  • Presently, the city is a waste land, much of it converted to farmland.
  • A lot of corruption to create this debacle.
  • Will the State Attorney be able to find anything?
  • Shredding machines probably been busy for a long time.
  • It will be interesting to read how this finally plays out.
  • Obama has at this time a long list to pardon , the list will keep growing.
 More to read from REUTERS by Steve Neavling.

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