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Detroit To Be Taken Over By The State

Tyler Durden's picture




 

Usually, when the administration needs a distraction from just how broke and insolvent in reality the country is, it sends the stock market soaring higher. As such it is beyond ironic that as the S&P is set to hit an all time high, Detroit - that shining symbol of the Obama administration's bailout of General Motors - effectively goes broke.

  • MICH. GOV SNYDER TO ANNOUNCE STATE TAKEOVER OF DETROIT

More:

Detroit  Mayor Dave Bing says Governor Rick Snyder will announce a state takeover  on Friday

 

Detroit Mayor Dave Bing says Michigan Governor Rick Snyder will announce a state takeover of the city of Detroit on Friday.

 

Bing says the governor told him his decision during a phone conversation this morning. Bing was talking with reporters following a speech before the Detroit Regional Chamber at the MotorCity Casino.

 

The city will have 10 days to appeal the decision to the governor.

 

7 Action News has teams working the story to get more details.

If only Detroit had gone all in the stock market when Bernanke made it his life's crusade to take the Dow to 36,000 and blow up everyone else, trying...

 

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Thu, 02/28/2013 - 15:10 | 3286876 localsavage
localsavage's picture

Maybe they can hire Corzine to run the place.

Thu, 02/28/2013 - 15:11 | 3286881 Joe Davola
Joe Davola's picture

They should have donated it to Canada.

Thu, 02/28/2013 - 15:13 | 3286900 Divided States ...
Divided States of America's picture

Canadians are gullible...but not that gullible. They already have too much junk.

Thu, 02/28/2013 - 15:15 | 3286913 TerminalDebt
TerminalDebt's picture

how long until the fed takes over mich?

Thu, 02/28/2013 - 15:18 | 3286939 myptofvu
myptofvu's picture

A broke City taken over by a broke State..sshhhh..don't tell me how it ends!

Thu, 02/28/2013 - 15:21 | 3286942 MillionDollarBonus_
MillionDollarBonus_'s picture

For all my preaching about the virtues of global governance, I have to admit that the libertarian camp has been far more successful in marketing itself to young people. Populist libertarianism has all the rebellious connotations of "fighting the man", in addition to the radical extremism that tends to attract angry nihilistic teenagers.

If the progressive movement wants to attract more young people, I'm afraid we need to change fast. In order to catch up, we need to start with something radical. So here's my suggestion: We create a United Nations pop group, made up of ten trendy teenagers, one from each of ten different countries. The first singer can be a Chinese yuppie hipster with a "rebel from a rich family" kind of look. The second will be a softer Justin Bieberesque Indian kid who interrupts each song with a serene interlude that make the girls go crazy. This will be the first multilingual pop group in existence, and its going to be awesome. Finally, global governance will be cool, and generation X will have to think hard before they join the ranks of sad, lane libertarians.

Thu, 02/28/2013 - 15:21 | 3286961 Dr. Richard Head
Dr. Richard Head's picture

That group should also give away free iPad minis by shotting them out of the asses of the pop group performers. 

I'm starting to like your style douche-bag!

Thu, 02/28/2013 - 15:23 | 3286971 francis_sawyer
francis_sawyer's picture

Oh boy! ~ Snake Plissken vs. the Duke again...

Thu, 02/28/2013 - 15:30 | 3287018 CH1
CH1's picture

BULLISH!

Thu, 02/28/2013 - 15:46 | 3287116 kaiserhoff
kaiserhoff's picture

Black Holes like Dee-troit are why God invented bankruptcy.

Thu, 02/28/2013 - 15:58 | 3287179 AlaricBalth
AlaricBalth's picture

I once read that if someone were to die in Detroit, and then end up in Hell, they would probably think they were in Heaven.

Thu, 02/28/2013 - 16:07 | 3287209 Dr Paul Krugman
Dr Paul Krugman's picture

This article has no source.  I am not saying that what Tyler wrote isn't true, but the source link isn't working.  Detroit is on the rocks though, so this isn't surprising.

Who Will Bail Out Detroit?:

http://www.cnn.com/video/?hpt=hp_bn1#/video/business/2013/02/28/pkg-harlow-detroit-economy.cnn

Thu, 02/28/2013 - 16:16 | 3287227 knukles
knukles's picture

If you'd tamp down your Nobel crisped ego little more, you'd find it to be WXYZ tv in Detroit, dipshit.

And what, pray tell does Detriot being on the rocks have to do with a private entity link "not working"?

Thu, 02/28/2013 - 16:18 | 3287288 FEDbuster
FEDbuster's picture

MDB you keep your Micheal Jackson inspired "We are the World" pop group, the Liberty Movement already has HeistClick singing about "Burning down the Watchtower" (End the FED)

https://www.youtube.com/watch?v=Ni7lxgt9bdY&list=UU0ig-EwhNEi79ybNtAuVG7...

Thu, 02/28/2013 - 17:10 | 3287548 TwoShortPlanks
TwoShortPlanks's picture

Ah-yes, the birth of the 'Capitol', "and may the odds forever be in your favour"....Michiganees!

http://images4.wikia.nocookie.net/__cb20120131224153/thehungergames/images/0/0e/Article-2061577-0ECCFD2C00000578-851_634x262.jpg

PS. You don't actually get to live there; you just lose the place to a bunch of Borzoi walking globalist fags with coloured hair mousse who talk like an endless loop of a scene from 'Zoolander'.....much like L.A.

Thu, 02/28/2013 - 17:28 | 3287645 New England Patriot
New England Patriot's picture

2013:

 

Cities: Please buy us up!

 

States: Okay, if you insist...

 

2014:

 

States: Please buy us up!

 

Feds: Okay, if you insist...

 

2015:

 

...

Thu, 02/28/2013 - 17:34 | 3287664 YBNguy
YBNguy's picture

This monument in Detroit speaks volumes about its denizens. Michigan, and the US, are about to get fisted by their upcoming bailout.

http://discoverblackheritage.com/wp-content/uploads/2007/03/fist2.jpg

Thu, 02/28/2013 - 17:49 | 3287744 flacon
flacon's picture

THE CORPORATION OF THE CITY OF DETROIT IS TAKEN OVER BY THE CORPORATION OF THE STATE OF MICHIGAN. 

 

Like that's going to help. 

Thu, 02/28/2013 - 18:15 | 3287854 Divided States ...
Divided States of America's picture

Well, taking Detroit over may not be a bad idea. I mean, you basically get a hold of the most lethal state in terms of firearms and guns. There's probably three firearms for every person there.

Thu, 02/28/2013 - 19:50 | 3288220 UP Forester
UP Forester's picture

And that's if you include them fudgie-troll-apple knockers below the bridge....

Thu, 02/28/2013 - 20:54 | 3288442 El Crusty
El Crusty's picture

i assume you've never been to Missouri?  our firearms laws are very relaxed compared to most other states. if its legal on the federal level its legal here. i hear more gunfire on the weekends here in a rural county than i ever did when i lived in st louis city.

Thu, 02/28/2013 - 17:53 | 3287766 flacon
flacon's picture

2015 - an Alien metal unknown to mankind (gold) will rescue the Fed. 

Thu, 02/28/2013 - 18:09 | 3287834 auric1234
auric1234's picture

Actually, the metal has the power to bring down the Fed into submission.

 

Thu, 02/28/2013 - 19:34 | 3288167 nmewn
nmewn's picture

Detroit-Embattled former Detroit mayor Kwame Kilpatrick has been begging his parole agent to take off his tether so he can go back to his Texas home.

He emailed the agent, "Please take this thing off!" But Kilpatrick has been denied several requests to go home.

That request also was denied.

On Feb. 19 he wrote, "PLEASE UNCHAIN ME." (Do I really need an editorial comment here?...lol)

That was denied, too.

In a Feb. 6 request, Kilpatrick wrote, "My sons are playing one of their remaining two varsity basketball games on Friday. I have only seen them play in one game this season. It would be amazing for them, as well as me, if I'm allowed to attend this activity. I humbly request to travel to my home. would return on Sunday evening ... "

Kilpatrick's wife and kids came to Detroit one day to hear his defense attorney argue for his freedom in the federal corruption trial. Afterwards, Kilpatrick sent his parole agent an email saying, "I HATE asking this question. It is absolutely against any notion of humanity and freedom that I have left within me, but I have been requested to ask you for this by my family. Again, I HATE it. I am requesting to take my family to the airport in the morning ... "

Again, that request was denied.

Kilpatrick is on a tether and forced to stay at his mother's Detroit home because he failed to disclose cash gifts to his parole agent. Those gifts include a $2,000 check from a Chicago pastor. Kilpatrick was caught on tape cashing the check at a Walmart.

The former mayor owes Detroit $850,000 in restitution. His most recent reports include additional cash gifts including $1,000 from former Supreme Court justice Conrad Mallett and $5,000 from his mother, former Congresswoman Carolyn Cheeks Kilpatrick.

http://www.clickondetroit.com/news/investigations/Kwame-Kilpatrick-denied-requests-to-go-to-Texas-while-he-remains-on-tether/-/1719314/19128412/-/11djiivz/-/index.html

Man I swear...ya just can't make this shit up...but the trains ran on time!!!...lol.

Fri, 03/01/2013 - 03:38 | 3289303 StychoKiller
StychoKiller's picture

"Embattled?"  Is that PC for "Incarcerated?"

Thu, 02/28/2013 - 17:10 | 3287584 Iconomissed
Iconomissed's picture

And if you like metal...

https://www.youtube.com/watch?v=TbR7q0GiZ_0

4Arm ~ Submission for Liberty

branded from the second you are born
welcome to a world where no one cares
they'll take your life
and in return, give you nothing
all through out your years of puberty
adolescent rage and misery
time to be shaped and formed
a bi-product of life

disciple of their cause and their beliefs
democracy has always been a dream
now be a good boy
step in line, your reward is coming
now desensitize humanity
marching to the sound of bigotry
you're just like them, its too late
what's done cannot be erased

you, think you can own me
but there's something you can't see
it's my finger saluting you and your country
and i don't care if i'm alone
i will never be a drone
and if you think you're free your blinded too

i hate this place
i hate your face
fuck you all

one way, your way, dead day
you've tried for years to bring me down
but you'll never have my life

you don't have anything i want
and if you think you did you're even more
pathetic than i thought
it makes me sick to even know your out there
all your splendor don't mean shit to me
but you would never understand because you live inside a box
with no way out
and a dragon in your mouth

you, think you can own me
but there's something you can't see
it's my finger saluting you and your country
and i don't care if i'm alone
i will never be a drone
and if you think you're free your blinded too
fuck you

Thu, 02/28/2013 - 17:06 | 3287569 Kirk2NCC1701
Kirk2NCC1701's picture

You do know that the re-branded "Nobel Prize in Economics" is actually the prize from the Swedish Central Bank, in memory of Alfred Nobel?  We should call it the "Sveriges Riksbank" award, just to annoy him with the truth.

http://www.riksbank.se/en/

http://www.nobelprize.org/nobel_prizes/economics/

Thu, 02/28/2013 - 16:10 | 3287243 TonyCoitus
TonyCoitus's picture

Channel 7 Action News! 

 

http://www.wxyz.com/

 

These stupid MoFo's in Detroit would re-elect Qwami Kilpatrick if the opportunity arose.  What a bunch of Fucktards!

Thu, 02/28/2013 - 16:16 | 3287273 ZaphodBeeblebrox
ZaphodBeeblebrox's picture

Who you calling a fucktard?!?  Hon Mayor Barry asking.

Thu, 02/28/2013 - 16:21 | 3287302 Temporalist
Temporalist's picture

Marion Barry?  That is DC.

Thu, 02/28/2013 - 16:47 | 3287450 ZaphodBeeblebrox
ZaphodBeeblebrox's picture

Yeah but I'm trying to get around the ad hominem of an entire group of citizenry and say if Kwame was reelected it would pale in comparison of WTF to reelection of a guy caught on video, way back, buying crack. 

Thu, 02/28/2013 - 16:55 | 3287499 pods
pods's picture

Bitch set me up!

 

Thu, 02/28/2013 - 17:52 | 3287757 blueRidgeBoy
blueRidgeBoy's picture

good memory, pods

Thu, 02/28/2013 - 18:06 | 3287823 Temporalist
Temporalist's picture

That is the best license plate I've seen in forever

Thu, 02/28/2013 - 19:20 | 3288101 The Gooch
The Gooch's picture

Once again, I'd like to personally thank the Tylers for their work.

The truth will set you free.

 

 

 

Thu, 02/28/2013 - 18:58 | 3288001 A Nanny Moose
A Nanny Moose's picture

Mayor Barry is a prime example of exactly who wins elections.

What better job for criminals than to work for an organization which has been granted the monopoly privilege on criminal behavior in a geographic region.

Thu, 02/28/2013 - 21:16 | 3288506 El Crusty
El Crusty's picture

that had to be one hell of a victory party when he won the first time.  when his dealer heard that Barry had been re-elected he got on the phone and placed an order for a brand new mercedes, special paint and interior color- cocaine white.

Thu, 02/28/2013 - 16:19 | 3287291 Divine Wind
Divine Wind's picture

 

 

Bet your ass they would. I grew up there, still have family in one of the Lilly White suburbs and the GibsMeDats just do not care. Detroit is, without a doubt, one of the most worthless, corrupt places in the U.S.. Avoid at all cost.

 

Still, it is a given Whitey will be blamed.

Thu, 02/28/2013 - 16:25 | 3287339 knukles
knukles's picture

Yes, whitey will be blamed for every failure in which another group has wrested control and failure blossomed.  Like Bush's fault, it's all whitey's fault.  And if you reject that notion, you're a racist.

Thu, 02/28/2013 - 17:59 | 3287792 francis_sawyer
francis_sawyer's picture

Absolutely positively correct...

~ Sincerely Yours, THE 'PROPAGANDIST' YIDS ~ The bakers & deli owners get a free pass on this...

Thu, 02/28/2013 - 17:11 | 3287591 Roy T
Roy T's picture

It is funny that you say that.  I caught a piece of the Melissa Harris Perry's worthless show this weekend, and, basically they were blaming Detriot's problems on the White Flight of the 60's and 70's.  Like those people were supposed to stay in that rathole of a city.  I really couldn't believe my ears, I guess I shouldn't have been surprised, but I was anyway.

 

Thu, 02/28/2013 - 17:20 | 3287624 Divine Wind
Divine Wind's picture

 

True Dat !

 

 

Thu, 02/28/2013 - 17:55 | 3287779 Hobbleknee
Hobbleknee's picture

So they tried to pander to blacks by saying a city turns to shit when the white people leave?  Interesting strategy.

Thu, 02/28/2013 - 19:38 | 3288181 DriveByLurker
DriveByLurker's picture

Did the Titanic sink because the First Class passengers left, or did the First Class passengers leave because the ship was clearly doomed to sink?

Thu, 02/28/2013 - 21:03 | 3288477 Diogenes
Diogenes's picture

Yeah... same way the people in the lifeboats sank the Titanic.

Thu, 02/28/2013 - 17:42 | 3287711 onthesquare
onthesquare's picture

When I was a kid they called Detroit "Murder City".  We would celebrate new years by seeing how long it took after mid-night for the first murder to be reported.  Thank God for the Detroit River.

Thu, 02/28/2013 - 16:16 | 3287278 Liquid Courage
Liquid Courage's picture

Jumping to confusions again, PK? Methodology be damned ... I see what I want to see.

Thu, 02/28/2013 - 16:18 | 3287290 fourchan
fourchan's picture

i live here in the hood of detroit surrounded by genetic mutants. detroit is finally bankrupt and

a financial manager will be defaulting on bond holders and cancelling contracts. this is the end of 40 years of

democratic black rule and corruption.

we are the first domino, this fate is coming to a town near you. as witney warned, i am warning you the system is bankrupt.

Thu, 02/28/2013 - 17:12 | 3287601 Divine Wind
Divine Wind's picture

 

 

FC,

Stay strong, brother.

You're brave.

Thu, 02/28/2013 - 16:36 | 3287404 earleflorida
Thu, 02/28/2013 - 16:37 | 3287409 caimen garou
caimen garou's picture

go crawl back under your rock before you get srayed by raid you stinking cock roach!

Thu, 02/28/2013 - 19:16 | 3288072 Bunga Bunga
Bunga Bunga's picture

I wish you would have spent some years in the Soviet Union to understand the great "benefits" of collectivism in it's entirety. Alone the analysis of this insanity would have magnitudes more substance than your Nobel prize work.

Thu, 02/28/2013 - 20:40 | 3288398 PubliusTacitus
PubliusTacitus's picture

Detroit is the logical outcome of 50 years of union and leftist statist rule.

 

If only that were really you, Princeton prick.

 

I'd punch you in the throat.

 

 

Thu, 02/28/2013 - 19:09 | 3288046 CaptainObvious
CaptainObvious's picture

You should read more.  In actuality, Detroit is one of the super secret express entrances to Hell.  The other express entrances?  You can probably guess, but just in case you can't, they are:  Washington D.C., the ground under each branch of the Fed, the gold vault at MF Global, Mike Bloomberg's anal cavity, and the entire state of Kalifornia.

Thu, 02/28/2013 - 15:51 | 3287119 Lore
Lore's picture

We're spoon-fed plenty of "Globalist Chic" through the Green Movement.  "Saving The Planet" is the environmental equivalent of the GWOT. Agenda 21 radicals have their minds twisted into thinking they defend the "Earth Mother."  It's a magnet for disenfranchised types.  I'm surprised their pablum wasn't ramped up more during OWS.

Thu, 02/28/2013 - 15:53 | 3287156 Zap Powerz
Zap Powerz's picture

Too bad they wont realize until its too late that Mother Nature really doesnt give a shit about their stupid little movement.

Thu, 02/28/2013 - 15:57 | 3287178 Lore
Lore's picture

Mother Nature doesn't give a shit about the nutbars, but you should. Big Green Brother is infiltrating your local government.

The Post Sustainable Future

Thu, 02/28/2013 - 16:39 | 3287417 OutLookingIn
OutLookingIn's picture

Not long now.

Soylent Green.

Thu, 02/28/2013 - 16:46 | 3287456 CheapBastard
CheapBastard's picture

Detroit will be just fine. I heard there is a "housing recovery" going on.

Thu, 02/28/2013 - 17:58 | 3287796 chump666
chump666's picture

lol

Thu, 02/28/2013 - 21:34 | 3288558 willwork4food
willwork4food's picture

He's right. Thousands of Drug Dealers, Porn sellers, child-sex rings, pimps, organ sellers  and friends of the mayor all need a place too.

 

Unlimited potential.

Thu, 02/28/2013 - 22:48 | 3288792 CompassionateFascist
CompassionateFascist's picture

Where Congoids are, Zimbabwe is. The Black Undertow. 

Thu, 02/28/2013 - 15:25 | 3286986 EscapeKey
EscapeKey's picture

meh, i think Simon Cowell's already done that.

Thu, 02/28/2013 - 15:55 | 3287169 Tortfeasor
Tortfeasor's picture

The Simpsons did it

Thu, 02/28/2013 - 15:27 | 3287004 Charles Nelson ...
Charles Nelson Reilly's picture

I'm confused, what does of a melting pot of half gay, half slighty gay adolescent musicians have to do with Detroit?

Thu, 02/28/2013 - 16:19 | 3287285 knukles
knukles's picture

Insightful, sir.  I assume he comes here for the waters.

Thu, 02/28/2013 - 16:19 | 3287296 RichardENixon
RichardENixon's picture

Never heard of "Ho Motown"?

Thu, 02/28/2013 - 15:27 | 3287005 Dumpster Fire
Dumpster Fire's picture

This has legs

Thu, 02/28/2013 - 15:27 | 3287007 Confundido
Confundido's picture

MDB...I would have answered to you, but for the fact that I realize you use the word "libertarian" too widely....What do you mean exactly by libertarian? What is so sad about liberty?

Oh, and by the way, can you enlighten us a bit? Where do you see gold plunging to?

Thu, 02/28/2013 - 15:28 | 3287012 Karl von Bahnhof
Karl von Bahnhof's picture

I am afraid that your sophisticated sarcasm will turn to reality soon.

Thu, 02/28/2013 - 15:34 | 3287053 IridiumRebel
IridiumRebel's picture

I attend a Univ. in the Northeast and most students in the political realm are leaning libertarian. 

Thu, 02/28/2013 - 15:42 | 3287097 CH1
CH1's picture

Cool.

Thu, 02/28/2013 - 15:57 | 3287180 IridiumRebel
IridiumRebel's picture

Even some profs are secret Libertarians. One heads the Democrats at the Univ. and one student exposed him as a closet Ron Paul supporter. This is why they need the media, because they know that the tide is turning. The truth shall set us free.

Thu, 02/28/2013 - 18:18 | 3287863 FoeHammer
FoeHammer's picture

Good to hear. I know a  handful of libertarians inbedded in academic and financial institutions(NE) but they have minimal support from students or clients. Lots of folks still wanna pretend everything is O.K.

Thu, 02/28/2013 - 16:22 | 3287309 knukles
knukles's picture

Same with CA.  Bunches and bunches, gobs and gobs of students looking upon less gubamint as the solution.  Which BTW, is heavily bar-belled to the other side demanding the right of a good job, etc.
Major schism with the libertarian/RP camp much larger in academia/student land than rest of populace best I can discern... of course, all anecdotal information...

Thu, 02/28/2013 - 17:36 | 3287666 Totentänzerlied
Totentänzerlied's picture

Really? The two, yes two, whom I know live half-way around the world in formerly communist and fascist countries, respectively.

As for American youth, particularly students, they're as statist as ever. Half are in the Great Helmsman's Forward Movement, the other half are waxing nostalgic for Reagan and Bush.

Thu, 02/28/2013 - 17:08 | 3287572 Dr. Acula
Dr. Acula's picture

"most students in the political realm are leaning libertarian"

They are "leaning"? Like the Tower of Pisa? Like the one-legged woman who works at IHOP, and is named Eileen?

Have they refuted Hoppe's argumentation ethics?

 

Thu, 02/28/2013 - 17:54 | 3287771 CheapBastard
CheapBastard's picture

I attened Univeristy up in the Northeast for a year but got tired of all those foreigners speaking Russins, Chinese, Urdu, Paki, etc....so I moved to Texas where everyone speaks the same language---Mexican.

Thu, 02/28/2013 - 18:49 | 3287974 de3de8
de3de8's picture

I wish I could speak "Mexican"

Thu, 02/28/2013 - 20:39 | 3288396 mick_richfield
mick_richfield's picture

Smash the State!

U.S. Out of North America !

Thu, 02/28/2013 - 21:01 | 3288470 Mike in GA
Mike in GA's picture

I spoke with a young friend today that attends Harvard and he said the same thing...Libertarian.

Coming from Harvard, that's a big deal.  Maybe there is hope.

Thu, 02/28/2013 - 15:35 | 3287062 azzhatter
azzhatter's picture

They can call themselves the Tampons

Thu, 02/28/2013 - 16:04 | 3287210 McMolotov
McMolotov's picture

The Faggy Queefers

Thu, 02/28/2013 - 15:37 | 3287075 Rusty Diggins
Rusty Diggins's picture

Are u sugesting an update to the  "United Colours of Benneton" marketing campaign??

 

Thu, 02/28/2013 - 16:09 | 3287081 fuu
fuu's picture

You can call them the "Anointed Units" or "Anus Dentition". If you need help putting together a demo or a bump track let me know.

Thu, 02/28/2013 - 15:51 | 3287149 MsCreant
MsCreant's picture

Effing Effigy.

Thu, 02/28/2013 - 16:03 | 3287204 McMolotov
McMolotov's picture

This one really tipped your hand, but I liked it anyway.

Thu, 02/28/2013 - 16:12 | 3287255 ZaphodBeeblebrox
ZaphodBeeblebrox's picture

"yvan eht nioj"  -Party Posse

Thu, 02/28/2013 - 16:39 | 3287416 jughead
jughead's picture

"If the progressive movement wants to attract more young people, I'm afraid we need to change fast."

You can start by ceasing support of a neocon plutocrat President who is all about empire, police state and star-chamber justified extrajudicial detention and killings of Americans.

Thu, 02/28/2013 - 16:41 | 3287426 caimen garou
caimen garou's picture

for all your preaching you should ask paul k to share his dr. degree with you that he recieved from Oxford,,,,,,,,,,,,,,,,,arksnsas that is! jethro!

Thu, 02/28/2013 - 16:48 | 3287470 hapless
hapless's picture

Too bad "Pussy Riot" is taken.

Thu, 02/28/2013 - 18:19 | 3287867 20834A
20834A's picture

You do facetiousness really well. One could almost be convinced that you believe what you write.

Thu, 02/28/2013 - 15:56 | 3287174 Wile-E-Coyote
Wile-E-Coyote's picture

Didn't they tell you two negatives make a positive.

Thu, 02/28/2013 - 19:15 | 3288075 CaptainObvious
CaptainObvious's picture

Ah, I see your tuition investment in the Bernanke School of Economics has paid off.  Carry on, my son, and one day you just might be the invisible hand revising the nation's GDP figures!

Thu, 02/28/2013 - 20:40 | 3288399 mick_richfield
mick_richfield's picture

Yeah, sure.

Thu, 02/28/2013 - 15:23 | 3286976 yogibear
yogibear's picture

Bernanke just likes helping his bankster buddies, not the government.

Thu, 02/28/2013 - 20:56 | 3288449 Larry Dallas
Larry Dallas's picture

What I would love to see is the government to sell this to China so all of their migrant workers can come here, live in a new Levittown utopia while giving the Welfare Queens and Kings the big middle finger.

Apple.
Designed in Cupertino, CA

Assembled at Foxconn in Detroit, MI

Thu, 02/28/2013 - 21:51 | 3288612 Whatta
Whatta's picture

Can California take over California?

Thu, 02/28/2013 - 15:28 | 3286984 BLOTTO
BLOTTO's picture

lol. Thats right Div...

.

We have the City of Windsor right across the creek...enough said. And Windsor has the highest unemployment in the Country.

.

http://www.cbc.ca/news/canada/windsor/story/2010/06/04/windsor-jobs.html

(2010 stats but nothing has changed)

Thu, 02/28/2013 - 15:52 | 3287153 TruthInSunshine
TruthInSunshine's picture

My friend from the Great White North told me shit's gettin' REAL at the Windsor Ballet...

..he said "[m]an....these FOOLS don't know...."

Thu, 02/28/2013 - 16:14 | 3287268 TonyCoitus
TonyCoitus's picture

Ha ha, Windsor Ballet, that brings back memories.  Jason's, Cheetah's, tec.  I hear "anything goes" in those back rooms, especially in Detroit.

Just rumors, I don't frequent those joints no moar!

Thu, 02/28/2013 - 16:21 | 3287304 zuuma
zuuma's picture

What about all those magnificent strip clubs in Windsor?

Good food. Good entertainment.  Ahhhhhh..... youth.

 

I think a merger of Detroit + Windsor might be perfect. Sounds like Canada/ Ontario want's to be rid of Windsor. Michigan wants out of Detroit.

Perfect!  All we'll need is a re-package of land/ assets.  Like RETs or mortgage backed securities!

 Toss in some clever marketing gimmics. Detroit has the welcoming, famous Big Black Fist.

Windsor has the sin-for-sale thing going on.

We could rename this new, semi-autonomous zone (like Hong Kong) something like:

Fort Fistor.  Kind of an homage to the old fort Dearborn thing.  Back to the future!

And feeding all those detroit/windsorians will be easy!  The River is filled with carp. We'll just start netting & processing them into carp nuggets & wafers.

And no gun control!  At all.  We'll ring the new zone with 30 ft of steel-reinforced concrete & razor wire.  Don' worry.  It will all work it all out in no time.

I volunteer to be the first emperor.

 

 

Thu, 02/28/2013 - 16:31 | 3287374 knukles
knukles's picture

Sheiiiiiiiiit.
Chrysler wouldn't even have to change it's marketing tag "Imported from Detroit"

Brilliant!

Thu, 02/28/2013 - 17:37 | 3287682 Totentänzerlied
Totentänzerlied's picture

What do they need jobs for? They've got President O.

Thu, 02/28/2013 - 17:10 | 3287587 Metalredneck
Metalredneck's picture

My taxes are high enough, I don't wanna pay for the whole bridge from Windsor.

Thu, 02/28/2013 - 20:57 | 3288453 msamour
msamour's picture

LMAO! As a Canadian I agree with that statement. We have a lot of Junk in our country...

Thu, 02/28/2013 - 15:21 | 3286931 smlbizman
smlbizman's picture

i know this is ot...but this is to funny.....maxine (bovine) waters says gonna lose 170mill. jobs......hasselhoff didnt embarrass himself this bad.....

and cant they do a special dividend and give it to the last 12 people remaining?

Thu, 02/28/2013 - 15:25 | 3286985 a growing concern
a growing concern's picture

Wouldn't it be cheaper to build a very large wall around Detroit, with barbed wire facing inwards?

Thu, 02/28/2013 - 15:32 | 3287036 akak
akak's picture

Perhaps, but that might impede the flow of CIA-sponsored illegal drugs into and out of the city as well.

Can't have that!

Thu, 02/28/2013 - 16:05 | 3287212 Scro
Scro's picture

Build the fence and wall. Then put every person that is on welfare in there. I'll bet the welfare roles would decrease substantially.

Thu, 02/28/2013 - 18:17 | 3287707 fuu
fuu's picture

That would be a lot of dead bankers.

Thu, 02/28/2013 - 15:59 | 3287188 HondaFullOfSilver
HondaFullOfSilver's picture

Troof.

 

However, I find it almost prophetic that bad SciFi from the 1980s is becoming reality.  Maybe we should just get OCP and the ED 209 to finish the place off?  I think I owned a 6000 SUX at one point, the Ford Taurus, it got pretty crappy gas mileage and went through atleast one transmission.   Where is Clarence Bodecker when you need him?

 

Thu, 02/28/2013 - 17:54 | 3287769 BoNeSxxx
BoNeSxxx's picture

Here is a bit of trivia for my fellow ZHers... 

Did you know that the Red Dawn movie remake/update was filmed in good ol' Detroit?

The production company saved huge $$$ by not having to build sets and shut down a 'real' city.  There were literally blocks and blocks of ghost town in Detroit, including areas with libraries (go figure) and poice stations abandoned and unused.

Put that in your 'worthless trivia' file...

Thu, 02/28/2013 - 15:59 | 3287189 HondaFullOfSilver
HondaFullOfSilver's picture

.

Thu, 02/28/2013 - 16:03 | 3287203 Rehab Willie
Rehab Willie's picture

Only if you take Quebec

Thu, 02/28/2013 - 21:10 | 3288493 Diogenes
Diogenes's picture

That would be a good deal no matter what they gave us for it.

Thu, 02/28/2013 - 16:11 | 3287248 20-20 Hindsight
20-20 Hindsight's picture

Windsor-Detroit: a new bridge to nowhere.  

Thu, 02/28/2013 - 16:49 | 3287473 Bunga Bunga
Bunga Bunga's picture

There goes the US. Reverse expansion of it's territory. Your city/state may get new owners soon.

Thu, 02/28/2013 - 17:05 | 3287567 mickeyman
mickeyman's picture

Canada actually captured Detroit in the War of 1812. But we can't stand getting mugged all the time and gave it back.

Thu, 02/28/2013 - 17:36 | 3287676 onthesquare
onthesquare's picture

Tecumseh took it back in 1812 but then you took it back from us.

Thu, 02/28/2013 - 20:07 | 3288273 peter4805
peter4805's picture

N.o thanks. We have enough problems

Thu, 02/28/2013 - 20:28 | 3288351 indygo55
indygo55's picture

The Japs are gonbna need a place pretty soon. 

 

http://www.independent.co.uk/news/world/asia/revealed-secret-evacuation-...

 

Thu, 02/28/2013 - 21:37 | 3288563 Son of Loki
Son of Loki's picture

Yet the Japanese PM was publicly saying,"It's only a tiny leak."

 

Thu, 02/28/2013 - 15:13 | 3286895 Dr. No
Dr. No's picture

There is not enough money there for him to steal. He's looking for bigger fish.

Thu, 02/28/2013 - 15:15 | 3286910 EscapeKey
EscapeKey's picture

nah, he's intentionally staying out of the limelight, until the goldfish-brain public have forgotten about who he is or why he's important.

Thu, 02/28/2013 - 15:14 | 3286904 semperfi
semperfi's picture

or Made-off

Thu, 02/28/2013 - 15:16 | 3286925 TerminalDebt
TerminalDebt's picture

I see what you did there

Thu, 02/28/2013 - 15:19 | 3286906 TruthInSunshine
TruthInSunshine's picture
Clint Eastwood: It's Halftime in America

"Noone saw it coming." Detroit's been a given.

Is an emergency manager the same as a bankrupted pig wearing lipstick?

Was Meredith Whitney early, and not wrong, re the municipal BK trade? (Some who are in the inner-er circles really are saying that the waterfall/cascade isn't just likely, but inevitable - I'm not in such inner-er circles, but have overheard these statements).

Are the dominoes lining up?

Inquiring minds want to know.

Johnny Cash has been everywhere.

Thu, 02/28/2013 - 15:20 | 3286953 stutes33
stutes33's picture

State takeover, not bankruptcy....details

Thu, 02/28/2013 - 15:25 | 3286967 TruthInSunshine
TruthInSunshine's picture

I mentioned that in my 2nd sentence. A lipstick wearing pig is still a pig (nearly a half of Detroit residents failed to pay their property taxes in the past month).

Save us, Obamneys..

It's Halftime in America

It’s halftime. Both teams are in their locker room discussing what they can do to win this game in the second half.

 

It’s halftime in America, too. People are out of work and they’re hurting. And they’re all wondering what they’re going to do to make a comeback. And we’re all scared, because this isn’t a game.

 

The people of Detroit know a little something about this. They almost lost everything. But we all pulled together, now Motor City is fighting again.

 

I’ve seen a lot of tough eras, a lot of downturns in my life. And, times when we didn’t understand each other. It seems like we’ve lost our heart at times. When the fog of division, discord, and blame made it hard to see what lies ahead.

 

But after those trials, we all rallied around what was right, and acted as one. Because that’s what we do. We find a way through tough times, and if we can’t find a way, then we’ll make one.

 

All that matters now is what’s ahead. How do we come from behind? How do we come together? And, how do we win?

 

Detroit’s showing us it can be done. And, what’s true about them is true about all of us.

 

This country can’t be knocked out with one punch. We get right back up again and when we do the world is going to hear the roar of our engines.

 

Yeah, it’s halftime America. And, our second half is about to begin.

 

Thu, 02/28/2013 - 15:26 | 3286990 ParkAveFlasher
ParkAveFlasher's picture

"It ain't about 'deserves'."  - William Munney

Thu, 02/28/2013 - 15:27 | 3287001 aerojet
aerojet's picture

It's "Deserve's got nothin' to do with it" or something close to that, not what you said.

Thu, 02/28/2013 - 16:11 | 3287236 McMolotov
McMolotov's picture

"It's a hell of a thing, killing a currency. Take away all a country's got and all it's ever gonna have."

—Ben "Munny" Bernanke

Thu, 02/28/2013 - 16:27 | 3287350 ParkAveFlasher
ParkAveFlasher's picture

Thanks Aerojet, you add value.  I wouldn't waste a second googling the script.  What country are you located in?  Just a hobby of mine.

Thu, 02/28/2013 - 15:26 | 3286994 aerojet
aerojet's picture

Buy a Chevy!

That 'Halftime in America' speech was such bullshit.

Thu, 02/28/2013 - 15:30 | 3287021 TruthInSunshine
TruthInSunshine's picture

There will be a lot more Detroits to come, whether via Chapter 9 or "Emergency Managed."

But at least the true welfare/taxpayer-propped up queens that are New York City (Fraud Street) & the Washington D.C.-Virginia-Maryland corridor (Pork Street) will do fine!

Of All Major U.S. Cities, Only Median-Income Households In Washington D.C. Can Afford Average New Vehicle

Thu, 02/28/2013 - 16:12 | 3287252 McMolotov
McMolotov's picture

"Today we are all Detroitans!"

Thu, 02/28/2013 - 19:21 | 3288112 CaptainObvious
CaptainObvious's picture

We are?  Shit, and here I am, fresh out of dime bags of crack to sell.  Oh well, at least I gets me an Obamaphone, yes?

Thu, 02/28/2013 - 16:41 | 3287427 Rustysilver
Rustysilver's picture

Is it Chevy made in Mexico?

Thu, 02/28/2013 - 18:53 | 3287981 de3de8
de3de8's picture

Ford

Thu, 02/28/2013 - 15:55 | 3287167 Zap Powerz
Zap Powerz's picture

I like Clint, but he is wrong.  Its not half time in America.  Its "game over" in America.  The good guys* lost.

Next.

 

* Good guys =  lovers of freedom.

Thu, 02/28/2013 - 15:27 | 3287006 tickhound
tickhound's picture

All this reminds me of ROBOCOP back in the day.  OPM corps, or whatever, loans a decaying Detroit all kinds of money that they know can never be paid back... So that the city can be leveled and turned into one giant factory for robotic law enforcement.

Or something like that. 

Thu, 02/28/2013 - 15:53 | 3287160 Fukushima Sam
Fukushima Sam's picture

I'd buy that for a dollar!

http://www.youtube.com/watch?v=85cL1HisrNc

Thu, 02/28/2013 - 16:32 | 3287380 ParkAveFlasher
ParkAveFlasher's picture

It amazes me how many of those 80's sci-fi shoot-em-ups are proving prophetic. 

Thu, 02/28/2013 - 15:47 | 3287125 EscapeKey
EscapeKey's picture

debt servitude is so hot right now

Thu, 02/28/2013 - 15:42 | 3286965 Cdad
Cdad's picture

The synergies achieved by Michigan taking over Detroit create a fabulous opportunity to continue on with Governor Snynder's visions of a New Detroit.  This historic event is a wonderful BUYING OPPORTUNITY for businesses and 1st time home owners, both.

Michigan is currently taking a "one time" charge on the city's bonds, but they are raising forward guidance on new bonds to be issued as soon as financial consulting services can be contracted.

GM is planning to move jobs back to Detroit soon.

This is fabulous news.  I cannot believe that the BlowHorn [CNBC] hasn't touched this story yet.  But then again, they haven't said peep about the continuing issues at WalMart...so...perhaps...errrr...I am interpreting this Michigan story incorrectly. 

Thu, 02/28/2013 - 16:57 | 3287513 Blano
Blano's picture

You are.  The area is hopeless.  That's why I left.

Thu, 02/28/2013 - 15:33 | 3287023 kridkrid
kridkrid's picture

It's not even that her timing was wrong, but she missed the steps central bankers would make before the whole thing unravels, no? It's no different than the rest of us who have been waiting for everything to collapse for almost a half decade now. In reality, she's already right and wrong.... a Schrödinger cat moment, to be sure.

Thu, 02/28/2013 - 16:06 | 3287218 TruthInSunshine
TruthInSunshine's picture

  "...a Schrödinger cat moment, to be sure...."

 

Or a Minksy Moment...

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