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Transcripts For FBC The Willis Report 20130721

What is left of detroit. Pension fund, union and debtholders scrambling for their cut after the city declared itself bankrupt. But what is haening in detroit may not stay there. It could have big implications for the rest of us. With us now from the frontline rategy company and with yard advisors. Am going to start with you, this is onof the most talked about bankruptcies before it even happens and certainly the largest that happened not too long ago. What do u make of this . It is a tale of two cities if you dont mind me. Stockton was a perfect storm of a very intense time of overspding, overpromising and under developing where troit is a systematic breakdown what would have been progressive polici in the socialgenda front. I grew up south of detroit in ohio, went to the city on a regular basis. It was a magnificent place. To see it deteriorater you have a a huge pension obligatio, thfacthe tax base has left metropolitanarea, buildg up over the last 15 to 20 years, it is the perfect s ....

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Transcripts For FBC The Willis Report 20130722

What is left of detroit. Pension fund, union and debtholders scrambling for their cut after the city declared itself bankrupt. But what is haening in detroit may not stay there. It could have g implications for the rest of us. With us now from the frontline rategy company and with yard advisors. Am going to start with you, this is onof the most talked about bankruptcies before it even happens and certainly the largest that happened not too lo ago. What do you make of this . It is a tale of two cities if you dont mind me. Stockton was a perfect storm of a very intense time of overspending, overpromising and under developing where troit is a systematic breakdown what would have been progressive polici in the socialgenda front. I grew up south of detroit in ohio, went to the city on a regular basis. It was a magnificent place. To see it deteriorater you have a a huge pension obligatio, thfact the tax base has left metropolitanarea, buildg up over the last 15 to 20 years, it is the perfect ....

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Transcripts For FBC The Willis Report 20130720

What is left of detroit. Pension fund, union and debtholders scrambling for their cut after the city declared itself bankrupt. But what is haening in detroit may not stay there. It could have big implications for the rest of us. With us now from the frontline rategy company and with yard advisors. Am going to start with you, this is onof the most talked about bankruptcies before it even happens and certainly the largest that happened not too long ago. What do you make of this . It is a tale of two cities if you dont mind me. Stockton was a perfect storm of a very intense time of overspending, overpromising and under developing where troit is a systematic breakdown what would have been progressive polici in the socialgenda front. I grew up south of detroit in ohio, went to the city on a regular basis. It was a magnificent place. To see it deteriorater you have a a huge pension obligatio, the fact the tax base has left metropolitanarea, buildg up over the last 15 to 20 years, it is the p ....

United States , Angelina Jolie , Jon Corzine , Angelina Joe Lee , Los Angeles , George Zimmerman , Rick Snyder , Jeff Bryce , Steve Cohen , Company Yard , Tax Base , Unsecured Creditors , Large Pension Fund , Pension Fund , Fund State , Even Bigger , Money Point , Big Story , Hedge Fund , Hedge Fund Manager , Fund Manager , Insider Trading , Senior Correspondent , Auto Industry , Company Operated , Testing Available ,

Transcripts For FBC The Willis Report 20130720

Pension fund, union and debtholders scrambling for their cut afte the city declared itself bankrupt. But what is haening in detroit may not stay there. It could have big implications for the rest of us. With us now from the froline rategy company and with yard advisors. Am going to start with you, this is onof the most talked about baruptcies before it even happens and certainlyhe largest that happened not too long ago. Wh do you make of this . It is a tale of twoities if you dont mind me. Stockton was a perfect storm of a very intense time of overspending, overpromising and under developing where troit is a systematic breakdown what would have been progressive polici in the socialgenda front. I grew up south of detroit in ohio, went to the city on a regular basis. It was a magnificent place. To see it deteriorater you have a a huge pension obligatio, the fact the tax base has left metropolitanar, buildg up over the las15 to 20 years, it is the perfect storm. Gerri here is what ck snyd ....

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Transcripts For FBC The Willis Report 20130720

What is left of detroit. Pension fund, union and debtholds scrambling for their cut after the city declared itself bankrupt. But what is haening in detroit may not stay there. It could have big implications for the rest of us. With us now from the frontline rategy company and with yard advisors. Am going to start th you, this is onof the most talked about bankruptcies before it even happens and certainly the largest that happened not too long ago. At do you make of this . It is a tale of two cities if you dont mind me. Stockton was a perfect storm of a very intense time of overspending, overpromising and under deloping where troit is a systematic breakdown what would have been progressive polici in the socialgenda t. I grewp south of detroit in ohio, went to the city on a regular basis. It was a magnificent place. To see it deteriorater you have a a huge pension obligatio, the fact the tax base has left metropolitanarea, buildg up over the last 15 to 20ears, it is the perfect storm. Ge ....

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