City Council: Detroit needs $10-billion bailout

[BornAgain123]

http://www.freep.com/article/20081112/NEWS01/81112065

The Detroit City Council passed a resolution today calling for a $10-billion bailout for the city of Detroit.

Council President Pro Tem JoAnn Watson sponsored the resolution to use the money for public service employment, to fund mass transit plans and to place a moratorium on home foreclosures for two years.

The resolution specifically requests the council meet with Mayor Ken Cockrel Jr., Gov. Jennifer Granholm, the state’s congressional delegation, U.S. House Speaker Nancy Pelosi and officials from President George W. Bush’s office and President-Elect Barack Obama’s transition team...........

[logosone]

See what all this started? The Cities, The States, Auto Industry... We're now learning that the Bank bailout has been mismanaged, was thrown together too quickly without any provision for oversight, and isn't shaping up for anything close to a long-term benefit. It was a terrible precedent that has now opened the flood gate. Our system, or the remnants thereof, is going down like a lead balloon.

[ChristianGal]

The problem with giving this money to Detroit is that it is rife with corruption. For sure Detroit needs financial assistance, but I'm so wary of their leadership. Ken Cockrel, the temporary mayor does seem like a good guy but the president of the city council, Monica Conyers has got to go...she is one bad egg!

[Mopsie]

The problem with giving this money to Detroit is that it is rife with corruption. For sure Detroit needs financial assistance, but I'm so wary of their leadership. Ken Cockrel, the temporary mayor does seem like a good guy but the president of the city council, Monica Conyers has got to go...she is one bad egg!

Add Jennifer Granhoser to that list. The only bad thing is, we don't need her to go to an Obama administration.

:panic :fear :runhills

[ChristianGal]

Add Jennifer Granhoser to that list. The only bad thing is, we don't need her to go to an Obama administration.

:panic :fear :runhills

So true!

[fracturedInfinity]

http://www.freep.com/article/20081112/NEWS01/81112065

The Detroit City Council passed a resolution today calling for a $10-billion bailout for the city of Detroit.


Oh yeah, well, fracturedInfinity today passed a resolution calling for a $60k bailout for the family of fracturedInfinity.


:hehee

[ron4jesus]

Guess I should ask for a bailout also. I need my mortgage paid can you bail me out. Is there a form you have to fill out or do you call. :):):)

[fracturedInfinity]

Guess I should ask for a bailout also. I need my mortgage paid can you bail me out. Is there a form you have to fill out or do you call. :):):)

Don't worry Ron, I'll just tack you on to mine in the small print. :thumb

They'll never suspect a thing. :evil3

[Rebekah]

http://www.freep.com/article/20081112/NEWS01/81112065

The Detroit City Council passed a resolution today calling for a $10-billion bailout for the city of Detroit.

Council President Pro Tem JoAnn Watson sponsored the resolution to use the money for public service employment, to fund mass transit plans and to place a moratorium on home foreclosures for two years.



Does this mean you can buy a house in Detroit, not pay on it and be able to live there anyway for the next two years?

In all seriousness, how can they moratorium on foreclosures?

[Biblenuggetlady]

Oops...can I have a "do over", No? ...how about a "Mulligan"? This is insane.