Monday, February 17, 2014

Highland Park Michigan, Bankruptcy, Public Union Pensions

Mish's Global Economic Trend Analysis: Highland Park Michigan Skids Towards Bankruptcy, Public Union Pensions to Blame as Usual; Fifth Third Bank and Highland Park in Pension Funding Lawsuit: "...There is no question regarding the bankruptcy of Highland Park. The only open issue is when the city files. Those running the city ought to understand that and do what's right for taxpayers. The sooner the better. How many more "winning propositions" can residents take? Since city officials are resisting bankruptcy, one can only suspect they are out to protect their own pensions." (read more at link above)


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