Category Archives: News

Detroit Files for Bankruptcy

Bad week for Detroit.  First they find out that Eminem passes up on the Elysium role,1 now his city files chapter 11.2 Who would have ever guessed that Clint Eastwood’s half-hour Super Bowl commercial wouldn’t save the city?3 Plus the Tigers made it to the World Series last year with Miguel Cabrera winning the triple crown, so that had to help, right?  Truthfully, I don’t really understand economics, or accounting for that matter, so I’m probably not the right person to be analyzing this.

Sucks dick for the creditors.  Out of all of your clients, you don’t expect the one that is the 18th largest city in the U.S.4 to be the one that stiffs you.  Gotta give credit to Detroit though, just throwing in the towel Trump style.  The Donald’s filed for bankruptcy a ton of times, and he’s a huge success.  Come to think of it, if Detroit just starts cutting some corners and building casinos, they’ve got the potential to be the next AC,5 or at least get its own reality show.

 

  1. Actually that’s probably a good thing
  2. I actually don’t know if chapter 11 is the bankruptcy for cities.  Chapter 11 is probably wrong I could look it up, but I won’t.  I’m going to write a footnote instead
  3. After all, talking to an empty chair worked like a charm
  4. I was actually surprised to learn this. Columbus and Charlotte are bigger than Detroit? Are they still counting 8 Mile trailer park?
  5. Not that that’s a good thing