TheDC Morning: Feds may have to bail out Detroit for a second time

1.) Feds may have to bail out Detroit for a second time – If the federal government decides, in its finite wisdom, that poorly run states and municipalities do not deserve to sink or swim based on the electoral acumen of their residents (or lack thereof), and chooses instead to "bail out" bankrupt members of the American federation, there will be some irony in the decision.

And there’s concern about relying on a transportation spending package for a second time. “My bottom line is. including a $700 billion bank bailout program and the $787 billion stimulus, have.

That morning, Mason and two. so far has been over who will have to shoulder the costs of hardening the grid and compensating fire victims. Should it be the shareholders or ratepayers? Nobody wants.

To my fellow veteran brothers and sisters, I think the following words of Sir Winston Churchill memorializes why the observance of this federal holiday is so important.Riviera Beach, a resort city in Florida, has agreed to pay a ransom of 65 Bitcoins to the tune of $600,000 to hackers, to get back the city’s data which was stolen and.

None of this, I suppose, should have been surprising: November was the nadir of the worst recession since the Second World War. customers of the new casinos may be tapped out. The year 2008 was the.

Top Financial News: FOMC Minutes Today, Detroit’s JP Morgan Bailout, and More By Garrett Baldwin , Behavioral Trading Specialist , Money Morning – May 21, 2014

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The city of Detroit, in the U.S. state of Michigan, has gone through a major economic and demographic decline in recent decades.The population of the city has fallen from a high of 1,850,000 in 1950 to 677,116 in 2015, kicking it off the top 20 of US cities by population for the first time since 1850..

But the outrage over the Varsity Blues investigation perfectly illustrates what may be the most important. And it was the same story arc with the auto bailout. For decades, executives in Detroit.

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The FDIC said it will mail checks to depositors of FirstCity Bank for their insured funds on monday morning. direct deposits from the federal government. They each have received $45 billion in.