Category: Municipal bankruptcy

Block by block

23 May, 2014 (10:40) | Auctions, Bankruptcy, Cities, Detroit, Homeownership, Housing, Markets, Municipal bankruptcy, Theory, Uncategorized, urban homesteading, US News |

 By: David A. Smith For all the pixels burned crying panic at the possibility of Detroit filing bankruptcy, for all the specious unfounded blather that municipal bankruptcy was illegal, couldn’t possibly do good and would instead do incalculable harm, so far everything that has happened since Detroit filed has been good … but practical progress sells […]

Month in Review, March, 2014: Part 2, No spin here, no sirree

2 May, 2014 (09:00) | Bankruptcy, Bonds, city, dictators, Discrimination, Housing, Month in review, mount Holly, Municipal bankruptcy, New York, public consultation, Puerto Rico, Speculation, Taxation, Ukraine, US News, Zoning |

[Previous Months in Review available here: Feb 14, Jan 14] [Continued from yesterday's Part 1.] By: David A. Smith Because affordable housing cannot exist unless the state or nation’s economy and polity are basically sound, roughly half of my March posts dealt with issues of state or national fiscal viability (Puerto Rico and Ukraine), housing […]

­­Month in Review, March, 2014: Part 1, It’s always the palace, isn’t it?

1 May, 2014 (09:00) | Bankruptcy, Bonds, city, Cyprus, dictators, Discrimination, Eminent domain, Housing, Month in review, mount Holly, Municipal bankruptcy, New York, public consultation, Puerto Rico, Speculation, Taxation, US News, Zoning |

[Previous Months in Review available here: Feb 14, Jan 14] By: David A. Smith That wrong shall fail and right prevail Though sic semper tyrannis is often more wished for than achieved, every now and then it happens, and March opened with the promise of political spring in Ukraine, a ray of political sunshine that […]

America’s Cyprus, America’s Caliban: Part 4, From crimes would pardon’d be

7 March, 2014 (09:00) | Bankruptcy, Bonds, Cyprus, Default, Detroit, Municipal bankruptcy, Puerto Rico, sovereign guarantee, Speculation, US News |

[Continued from yesterday's Part 3 and the preceding Part 1  and Part 2.]   By:David A. Smith   ”But this rough magic I here abjure, and, when I have required Some heavenly music, which even now I do, To work mine end upon their senses that This airy charm is for, I’ll break my staff, Bury it […]

America’s Cyprus, America’s Caliban: Part 3, I know how to curse

6 March, 2014 (09:00) | Bankruptcy, Bonds, Cyprus, Default, Detroit, Municipal bankruptcy, Puerto Rico, sovereign guarantee, Speculation, US News |

[Continued from yesterday's Part 2 and the preceding Part 1.]   By:David A. Smith   “Now I will believe that there are unicorns…” ― William Shakespeare, The Tempest   So far, by referencing a Washington Post (November 30, 2013) article as base camp, we’ve seen that Puerto Rico is laboring under a mountain of debt that […]