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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.
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...