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US Taxpayers bailout of Detroit.

Discussion in 'OFF TOPIC' started by BonifayRam, Apr 17, 2014.

  1. BonifayRam Well-Known Member

    Jan 14, 2013
    Likes Received:
    It it just me here or is this just plain wrong?

    Obama administration begins stealth bailout of Detroit

    President Barack Obama is using $100 million taxpayers’ dollars to help keep Detroit’s pension funds afloat, contradicting his administration’s commitment to avoid a bailout.
    The federal $100 million is being described as “blight remediation,” but it allows the city’s new managers to reshuffle more cash into the city employees’ pension funds, which were looted by city and union officials for several decades.


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