U.S. Judge Rules Detroit Bankruptcy Case Can Go Forward
It's a highly political move, in which banks are paid off and employees are screwed.
Detroit bankruptcy case can go forward: US judge (via AFP)
The city of Detroit won judicial approval to move forward with the largest municipal bankruptcy in US history Tuesday despite objections from city workers fearful of losing their pensions. Saddled with more than $18 billion in debt and a tax base depleted…