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Meanwhile, Peak Symbolism In Front Of GM's Detroit Headquarters
Let's see: do massive sinkholes next to the headquarters of other massive sinkholes, located in a bankrupt city that may soon become a massive sinkhole, qualify for Federal bailouts?
From Jalopnik:
Oh, what a great thing to happen during the auto show when thousands of people are in downtown Detroit! Crews are working to patch up this giant sinkhole outside the Renaissance Center, which is home to General Motors, among other things.
The sinkhole, 30 feet deep, is believed to have been caused by a water main break and was discovered Saturday night after a cab driver drove into it. The cab driver was rescued and there are no other injuries.
The Michigan Department of Transportation tells WXYZ that because of underground utilities and the sheer size of the hole, there's no telling how long it'll take to fix it up.
And here is how the sinkhole moves from the GM building, to the street adjacent.
h/t @noalpha_allbeta
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GM is...was a sinkhole too...
From channel stuffing to sink hole stuffing...what's next for Detroit???
Cool..
"vaulted" streets.. just like The Fed and Fort Knox.
..just wait till the foundation falls out of downtown Chicago.
.. where is the Merc nowadays?
moneypit, GM
sinkhole, Detroit
any combination you like.
let's give them more loans
Pretty much anywhere you go, the lowest common denominator is the sewer pipe.
Just like Ghostbusters...can't they cross-the-flows and put the channel suffing into the pit ?
aha! you got it.
it's the financial ectoplasmic goop that is bubbling up and drowning all things good.
Boris copper mining operations finally uncovered
Finally, an application suitable for Volts
"If you want to keep your sink ho, you can keep your sink ho."
:-D from Volt-air..
“It is dangerous to be right in matters where established men are wrong.”
“The ancient Romans built their greatest masterpieces of architecture for wild beasts to fight in."
-Voltaire
http://en.wikiquote.org/wiki/Voltaire
GM Bondholders finally see daylight!
Speaking of the royally screwed GM Bondholders, exctly why (aside from the "progressive" liberal media covering once again for their Magic Negro), wasn't that the financial scandal story of the century?
..because they own the "journalists".
They are not out there to give you news and reasoned opinion, they are out there to give you "the line".
Because they were going bankrupt for years. Any conservative investor already fled. It was only sharks looking for an easy buck that owned those bonds. They gambled on a worthless company and lost. And don't tell me about rule of law. The only rule of law that was followed in those 2 years was the bonus payments to the AIG criminals. In other words, fuck them all!
The GM Bonds issue was legal. Supreme Court said so.
The IRS as Super-Senior creditor opted to pass on taxes owed but, to reboot the company.
Unusual, but legal
And why are they payng bonuses and dividends to employees and "new GM" stock holders when there are still thousands out there completely fucked by this travesty of law?
Boo Hoo! They should have followed all of the rules of law and the entire banking sector and automotive sector would've ceased to exist in 2009. Everyone would be bankrupt. Stop being such an idealistic pussy.
You obviously don't know the difference between Chapter 7 and Chapter 11 bankruptcy, or how the laws were violated in GM's and AIG's case. Thanks for playing.
What is behind thet red brick wall in the movie at 9 and 17 secs?
Jimmy Hoffa
Oh look.. There goes Geraldo Rivera to find out!
CNN on the scene, with Jane Valez and Nancy Grace, "what did you think when you saw the severed head"?
There is an easy solution for this. GM should fill the hole with all the unsold Chevy Volts. This is a win win for Detroit and GM.
GM is...was a sinkhole too.
just wait until the 33 billion taxpayer donation and 20 billion IPO cash run out. "new" GM's mantra will be ... "We're b-a-a-a-a-a-a-a-c-k!!!"
just a matter of time really, old dog's never learn new tricks.
The correct term is, "MONEY HOLE!"
We have finally moved from dumping out in the middle of nowhere, to being able to pour money down the hole at the actual location where dumping money into a hole serves america, best.
http://www.theonion.com/video/in-the-know-should-the-government-stop-dumping-mon,14289/
My day is complete.
Maybe GM could 'channel stuff' the sink hole, ha ha!
Two peas in a sink hole (we think alike). We can start a "Channel Stuffing for Sinkholes" LLC !
Detroit is America's "Greece"...and nobody even seems to give a shit.
Remind me again why it's my fault and why I should give a shit.
Detoit should gets it shit together and that's not my responsibility.
You should only give a shit if you feel that Detroit is merely the canary in a coal mine. Detroit has gotten to where it is today more quickly than the rest of us but Detroit is not unique in the things that ails it.
Out of sight is truly out of mind Save_America1st.
Once it became clear that The People's Missile Army of USSR was never going to nuke Detroit, the last hope was lost.
Deposit loan payment here:
Just fill it with dollar bills and pour some Quikrete over it.
/Bernanke'd
Who says there is no good news?
Crumbling infrastructure as Trillions go to parasitic banks and crony capitalist inventory pushers.
And we're not supposed to judge people or promote them based on gender but we've got a vagina at the helm of GM.
Whoopee!
USSA!
But I thought 0zer0's 2009 Porkulus bill was all about fixing the infrastructure. How can this happen?
Did Kevin Henry just take a bathroom break?
OK guys, I hate Detroit and the union strangle hold it represents as much as the next guy but you cannot call that a "Massive" sink hole by any stretch of the imagination. Now if it were to swallow an entire block of Detroit that would be cause for celebration........"One small step for man...........".
I wouldn't want to drive into the thing.
They are just pissed because they drained the swimin hole.
Even after taking a 30 foot drop, the cab driver is in better shape than GM.
Market is down today...following the McClellan oscillator 1929 DJIA graph (google it), this could be a big correction coming. At least I freakin' hope so....
It's halftime in America bitchez, and Detroit in coming back.
http://youtu.be/IRtvpMPLQ8o
http://youtu.be/SKL254Y_jtc
At least that's what the teevee told me.
You didn't build that.
Oh wait....
Five (no make that seven) unionized public works department employees standing at the edge of a hole doing nothing.
Classic.
Hey now, one of them is supervising the doing of nothing.
You have that wrong. The seven of them are supervising the ONE guy in the hole who's 'working'.
"If I had an indicator of the success of my administration's bailing out the economy it would look like that sinkhole"
Now quit bothering me. I am bizzy with greece and bin laden.
git over her Jayzee! March madness is comin'! Lets look at our pix!
Peak peak.
GM: The deadbeat of Amerika
Annnnnd....... it's gone.
Not as "Peak" as the 9/11 Memorial sinkhole(s):
http://0.tqn.com/d/architecture/1/0/H/-/1/National-9-11-Memorial-WideAng...
DOWN
THE
DRAIN
Very propitious sign...a sinkhole as 2014 begins....
Bullish!
For all the killing going on there....its probably just a new Potters Field for mass burial....
i bet you could put a shitload of trucks in that hole - winning!
It be racist not to say nice things aout Detroit -- you will be slammd and interogated by the media in that order
They should entomb all the leftover 'Chevy Volts' in that sinkhole.
Finally a new job in Detroit!
Detroit is a bottomless pit...
Looks like a classic cup-and-handle formation.
Happy days are here again!
Wot? No "shelter in place"
Oportunity wasted.
Things must really be tough in Detroit - back in the good old days the "workers" standing around staring into the hole in the ground at least had shovels to lean on.
Maybe this isn't a shovel ready project.
Throw some money in that mother!
China making a direct route.