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City of Detroit Files For Bankruptcy

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#1 Adidarw


    All Day I Dream About Red Wings

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Posted 18 July 2013 - 07:13 PM

Full article:





Detroit filed for bankruptcy Thursday afternoon, becoming the nation's largest public sector bankruptcy. The move could slash pension benefits to city workers and retirees, and leave bond holders with only pennies on the dollar.

#2 Jedi


    The Lords of Iron

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Posted 18 July 2013 - 07:22 PM

This one is a tough call to make, but I'm inclined to say that this is a topic that shouldn't be discussed here on LGW.  Granted, the city's bankruptcy plans may well have a direct effect on the Red Wings, this story (and thread) are more a political issue than a sports/hockey issue, and as we know LGW is a "No Political Discussion" zone.


If Detroit's bankruptcy filing/proceedings has an impact on the Wings plans for a new arena, it can (and already is) be discussed in the New Arena thread.

"We thought we were indestructible, The Lords of Iron"

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