Big Cities Remain Under Foreclosure Pressure as Nationwide Levels Hit 11-Year Low
The subprime foreclosure crisis continues to wane as the ten-year mark passes. Foreclosure levels in many cities have fallen to pre-crisis levels, with Chicago being one of the hardest-hit cities. Foreclosures in More...
Ed Schultz repeats blame of GOP for Detroit’s financial ruins
Agreeing with fellow MSNBC host Melissa Harris-Perry, Ed Schultz claimed that Detroit had filed for bankruptcy because the city had a government that was just too small. On Saturday, Schultz argued “Republican More...
JoAnn Watson, Detroit Councilwoman wants President Obama ‘quid pro quo’ and ‘some bacon’
On Tuesday, Detroit Councilwoman JoAnn Watson told members of the City Council that since Detroit voted for Barack Obama, the president owes the city a government bailout, Fox 2 reported Wednesday. Detroit is enduring More...
Detroit schedule to run out of money in December
Detroit’s financial condition is rapidly deteriorating, and City Hall could run out of cash in December, an official told a state oversight board Monday. photo/Revisorweb City program management director William More...