Bankruptcy

Lack of Regulation Driving College Costs Through the Roof

Lack of Regulation Driving College Costs Through the Roof
The cost of college continues to rise. Why? Too little government.
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Black MI District Faces Financial Woes, Snyder Plans Power Grab

Black MI District Faces Financial Woes, Snyder Plans Power Grab
The Detroit Free Press reports that Governor Rick Snyder has declared a financial emergency in the Pontiac School District, setting the stage for an emergency takeover. The district has a $38 million deficit.
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Van Gogh, Renoir Artwork in Detroit Museum Considered Assets in Bankruptcy

Van Gogh, Renoir Artwork in Detroit Museum Considered Assets in Bankruptcy
Christie's will appraise various pieces of art at the Detroit Institute of Art. The valuation will be considered as bankruptcy proceedings continue, and added to the city's assets.
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Lack of National Industrial Policy Bankrupted Detroit

Lack of National Industrial Policy Bankrupted Detroit
The Radical Rightwing is licking their chops over the economic and financial failure of what was once the great city of Detroit, at one time perhaps the greatest industrial city in the world. Lavish pensions and much too powerful unions destroyed Detroit they crow on Fox News.
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Court Grants Corporations Impunity to Mug Retirees

Court Grants Corporations Impunity to Mug Retirees
When a kid snatches an old lady’s purse, it’s punished as a crime. But when a corporation manipulates bankruptcy law to deny thousands of retired coal miners benefits they labored their entire lives to earn, it’s endorsed by federal court.
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Leo W. Gerard
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So Long Twinkies! Hostess Closes; Blames Unions, Not Greedy Execs

Hostess is closing down shop and would like you to believe the Unions killed your Twinkies and Ding-Dongs. Hint: They didn't. Perhaps it has to do with poor management and the massive raises they gave their executives while they were in BANKRUPTCY.
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Foreclosure Revolt Spreads to East LA

Three occupiers survey the barricade members of Occupy Fights Foreclosures built as part of their efforts to stop the eviction of the Lucero family whose home — commonly referred to now as Fort Lucero — fell into foreclosure after a questionable loan modification.
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