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Old 07-21-2013, 04:33 PM
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Mary Pat Campbell
Join Date: Nov 2003
Location: NY
Studying for duolingo and coursera
Favorite beer: Murphy's Irish Stout
Posts: 88,206
Blog Entries: 6

Bury on the Detroit situation
--When you select a bankruptcy attorney to be your emergency manager haven’t you already set your course?

--Meredith Whitney made one miscalculation in assuming that governments would behave like private sector companies which, when they see an unavoidable iceberg ahead, bail out. In the public sector your ship of state needs to be capsizing before you even start looking around for lifesavers.

--How does Detroit even acquire $30 billion in art? Was there a $1 billion line item in their budget for the next available Van Gogh or was this some tax scheme involving donations and deductions?

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