Harrisburg, PA Council Told to Consider Bankruptcy

[Gawain 0]

http://www.bloomberg.com/apps/news?pid=20601109&sid=ab6OQc35weDI&pos=14

States can't go bankrupt. Cities, however, can. Vallejo, CA is there now. Harrisburg, PA is the State Capitol though. I haven't seen, or looked for any stats, and according to this article, it's really difficult for cities to do this, but how many are there right now?

With banks holding on to their money, financing bankruptcies is another factor too.

So I try and I scream and I beg and I sigh
Just to prove I'm alive, and it's alright
'Cause tonight there's a way I'll make light of my treacherous life
Make light!

[funjumper101 15]

Let's hope that they can write off all of their debts like a business can. Thanks to the rescumlican rewrite of the bankruptcy laws, people, as in, individual human beings, have LESS rights in a bankruptcy proceeding than businesses do. Thanks to the same rewrite, corporate officers are MORE protected from accountability for debts. The same old rescum story - fuck over the common folks for the benefit of big business.

And normal everyday working folks are tricked into supporting the rescums. Voting against their own best interests consistently. Very odd...

[Gawain 0]

Quote

Let's hope that they can write off all of their debts like a business can. Thanks to the rescumlican rewrite of the bankruptcy laws, people, as in, individual human beings, have LESS rights in a bankruptcy proceeding than businesses do. Thanks to the same rewrite, corporate officers are MORE protected from accountability for debts. The same old rescum story - fuck over the common folks for the benefit of big business.

And normal everyday working folks are tricked into supporting the rescums. Voting against their own best interests consistently. Very odd...

Read the article more carefully, when municipalities enter bankruptcy, the judgments can make things worse.

So I try and I scream and I beg and I sigh
Just to prove I'm alive, and it's alright
'Cause tonight there's a way I'll make light of my treacherous life
Make light!