 Sadly, No SurprisesThroughout history, only the most craven and ethically bankrupt individuals have been known to regularly rob the bodies of the dead for any remaining valuables, even while the body is still warm. In our modern culture, most Americans would consider that kind of theft disgusting, and a sad relic of the past.
With the smack of a gavel, and an hour-long ruling, a Judge in Detroit ruled on Tuesday that the days of modern-day body snatchers are, in fact, alive and well - so long as the one doing the stealing is a massive Wall Street bank.
The macabre act we're talking about is the ruling, by a Federal judge, that the now-battered city of Detroit is, in fact, eligible to enter bankruptcy proceedings. The judge also ruled that the Constitution of the state of Michigan, which expressly protects the pension funds of retired public sector workers, was effectively nullified by the desire of banks to steal the hard-earned retirement funds of Detroit's former police officers, firefighters, teachers, and other former public-sector workers.
For any American who's ever put their retirement money in a private pension fund, this action should send chills down their spine, in the same way that robbing the dead body of a still-warm human would.
Of course, if you understand this is just the latest chapter in a long history of Wall Street pillaging Detroit, you're likely as unsurprised as we are.
As a study by the think tank Demos proved just last month, for all the hate and scorn the political right would like to heap on Detroit and it's unions, the reason that town has become such a bombed out shell of its former glory is simple...
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