City of Houston is Bankrupt (So are California, Oregon, and Pension Plans in General)

michaelr

Former Staff
Dec 2006
89,668
6,642
FEMA Region 10
#1
City of Houston is Bankrupt (So are California, Oregon, and Pension Plans in General)

I told you people, soon hundreds of cities will be bankrupt. Pensions, no matter what you think, are a thing of the past. As the new trend of more unemployment and massive underemployment take hold, the problem gets worse.

Hey, on a good note, the banks are raking in huge profits, as are the multinationals, as demand is gone.

Obamanomics in general fucked us all of our futures.


In 3....2.....? here come Shanty to tell us how good this is, and it is Bush's fault!
 
Likes: 1 person

BDBoop

Former Staff
Dec 2010
46,721
43,576
Twitter
#2
But wait?! Isn't the stock market supposed to have already collapsed? I don't think we should leave that story until it actually comes true.
 
Likes: 1 person

michaelr

Former Staff
Dec 2006
89,668
6,642
FEMA Region 10
#3
But wait?! Isn't the stock market supposed to have already collapsed? I don't think we should leave that story until it actually comes true.
Oh you're right, I put a time on it. Hey I forgot what that was, can you please show me.....or stop trolling?
 

metheron

Former Staff
Nov 2006
14,266
4,166
MI
#6
Not funny, but when Detroit was trying to get its creditors to go along with the bailout plan they were offering banks 75 cents on the dollar and others that they owe just pennies on the dollar. Where is the fairness in that?

Now I am not a fan of public unions and promises of big pensions just for working for the city but I very much hope they get something out of this, especially with the bankruptcy pan that had been laid out. I hope some judge gives the retirees at least 75% and the banks just pennies. Seems to me the better way to handle that.
 

michaelr

Former Staff
Dec 2006
89,668
6,642
FEMA Region 10
#7
Not funny, but when Detroit was trying to get its creditors to go along with the bailout plan they were offering banks 75 cents on the dollar and others that they owe just pennies on the dollar. Where is the fairness in that?

Now I am not a fan of public unions and promises of big pensions just for working for the city but I very much hope they get something out of this, especially with the bankruptcy pan that had been laid out. I hope some judge gives the retirees at least 75% and the banks just pennies. Seems to me the better way to handle that.
Detroit took lots of loans from EU banks. Like they need this.
 

anonymous

Former Staff
Jun 2008
10,578
2,873
Passing Through
#9
Who gives a fuck, I'm having a good time on this little piece of America I got going here. Some people just don't get it and they will be the first to go but those of us who are aware and persevere may make to the end. Storm clouds are gathering.
 
Likes: 1 person

anonymous

Former Staff
Jun 2008
10,578
2,873
Passing Through
#10
Them EU banks must not be all that bright.

Funny, they used to loan based on creditworthiness. What now? On the belief that they will get bailed out if not repaid?
UH,, Obama has the answer,. He's fixing to sign a new trade deal that will unite the 2 continents. Something about merging banking systems, you know, that new world order shit.
 
Likes: 1 person

Similar Discussions