Tag Archives: pensions

Detroit Running on Fumes

As predicted in my April 2, 2013 article, the city of Detroit has filed for Chapter 9 Bankruptcy – the largest city ever to file, surpassing Stockton, California’s bankruptcy. Detroit is the 8th U.S. city to file for bankruptcy. There … Continue reading

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Lawsuit Filed Against Independant Foreclosure Review (IFR)

A lawsuit has been filed to get bank regulators to release more details on the failed Independent Foreclosure Review (IFR) which was shut down after a year and a half and costing over $2 billion. The lawsuit was filed in … Continue reading

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Stockton to Receive Bankruptcy Protection: A Precedent Affecting All of Us

In my article published July 9, 2012, (The Fall of Stockton, California?: Pensions, Foreclosures, Overspending) I wrote about Stockton – the largest U.S. city ever to file for bankruptcy and the implications that could occur if the bankruptcy was accepted. … Continue reading

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Will J.P. Morgan Chase Default on Public Pensions and Produce More Foreclosures?

JP Morgan Chase (JPMC) has had its share of problems. Chief Executive Jamie Dimon faced Congress last week and said he was “sorry” for the bank’s $2 billion (or more) in trading losses last month, saying it happened due to … Continue reading

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