Saturday, July 20, 2013

Stupidinews, Morning Edition!

2 comments:

Lurker111 said...

"A Michigan judge has rejected Detroit's bid for Chapter 9 bankruptcy, citing the plan violates the state's constitution by cutting promised payments to city retirees and pensioners."


The judge may be technically correct, but isn't his ruling akin to standing on the seashore and demanding that the tide not come in? If Detroit's bankrupt, it's bankrupt.

Zandar said...

The legal arguments I've seen basically say that a declaration of bankruptcy pretty much eliminates any standing legal fights, and that the judge's injunction is wildly unusual.

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