On Thursday last week the city of Detroit filed for Chapter 9 bankruptcy protection. On Saturday a circuit judge ruled the move illegal and unconstitutional and demanded that the city begin moves to settle demands by the 20,000 creditors in line for reparation.
So what might be on the block? Just about everything owned by the municipality.
Included in the list is the Detroit zoo that houses a diverse menagerie, from polar bears to petting goats; also the Detroit Institute of Arts is home to a trove of national treasures estimated to be two billion dollars or more in value. The hospitals and university would also be in line for privatization and, of particular interest to Canada, would be the border tunnel.
This is a gem of a money-maker and Canada has already put in a bid for the 50% owned by the Detroit Tunnel Corporation.
Sad to see a city brought to this ugly and unseemly state.
A verse that comes to mind from Matthew chapter 24 reads:
"Where the corpse is, there shall the vultures be gathered"
That was Jesus speaking about the demise of the city of Jerusalem.
Nothing much has changed over two thousand years other than the names.
Ian
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