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issued today and how are you possibly going to make it glamorous for your average american to understand that bankruptcy ruling? isn t it the case that unlike the other two branches of government a lot of the courts foundational work is really digging in to unglamorous topics that no matter what you do in terms of accessibility, and open courtrooms, there s still going to require some sort of journalistic or other helpers to make it accessible not the justice s responsibility, is it? yeah i mean that s true. there are other cases that were announced today on bankruptcy and whistle blower protections and patents. those are tough cases and most american and most lawyers wouldn t get 90% of what went on. when you think about an institution that s become the most powerful least accountable in our nation and tell us where we can pray and whom we can marry and vote and picked our president and making decisions over life and death. so we think they should be more open and accountable and if
deadbeats only paid 7500 bucks to creditors. with that they are free and clear of more than $13 million in debt. thanks to a judge s bankruptcy ruling. the documents also reveal teresa and joe apparently never had real wealth to begin with and barely any equity among all their lavish possessions. talk about smoke and mirrors. tmz reports on $1.7 million home, only have 140,000 in equity. they have a properties paid by bank loans and no equity. maserati and ford escalade, no equity. go-carts among other non-nessties, no equity. who did it buy long to? five banks in all, each loaned couple more than a million bucks will get stiffed for it all including wachovia bank that cold out $5.3 million that will never get paid back. as we reef previously reported they are getting prison time for bank fraud, making fails
we have the american dream that if you work long and you did the right thing, you would end up being able to live comfortably. what he s done now, i don t even know how i am going to exist after january. it s already the fact i have to sit around and make up my mind whether to take my medicine or eat. what do they want me to do now? detroit is now the largest public bankruptcy in u.s. history. now on the topic of pensions for a second, the state of illinois tackling the own issues just hours after detroit s bankruptcy ruling. lawmakers narrowly passed sweeping reforms which include raising retirement ages and changes to cost of living increases. supporters say the moves will eliminate a $100 billion pension short fall over the next 30 years. democratic governor pat quinn says he ll sign the measure. labor unions, as you might imagine, and other opponents are vowing to fight the overhaul.
we don t know what they are for. i don t think anybody could tell you what the republican health care plan is. and they ll i have to. they ll have to eventually. obama care refutes itself even in the absence of a republican plan. the city of detroit gets its bankruptcy ruling. now many city workers think they re not happy with it. that s next.