Business

Biggest City That Could Go Bankrupt Is, You Guessed It, in California

STOCKTON, Calif. (AP/The Blaze) — The city of Stockton in California’s crop-abundant Central Valley has the second-highest foreclosure rate in the nation and one of the highest crime and unemployment rates. It was named America’s most miserable city in a national magazine – twice.

And now, officials say this river port city of 290,000 is on the brink of insolvency and could become the nation’s largest city to fall into Chapter 9 bankruptcy protection.

Biggest City That Could go Bankrupt Is, You Guessed it, in CalifThe City Council voted late Tuesday to use a new California law to enter mediation with its creditors. City leaders said they hoped the plan to renegotiate Stockton’s debt would help it avoid bankruptcy.

Dozens of residents spoke against the move, saying they feared it would do the opposite, KRCA-TV reported.

“If they vote for mediation, it is the first step towards bankruptcy,” former City Manager Dwane Milnes said. “That means 1,000 people could lose retirement benefits.”

Stockton will be the first city to test the state law, Assembly Bill 506, which is less than 2 months old. It requires local government agencies to undergo mediation or hold a public hearing and declare a fiscal emergency before filing for bankruptcy.

In 2008, Vallejo became the biggest California city to file for bankruptcy, and it emerged from bankruptcy last year.

In recent years, thousands of new homes mushroomed in Stockton, part of a housing boom in suburban development that attracted buyers from the Bay area and beyond.

But when the economy crashed and the construction bubble burst, Stockton was battered by foreclosures and lost income from property taxes and other fees. Multi-year labor contracts with escalating costs added to the burden, forcing officials to make deep emergency cuts to the city payroll, including its police department.

“It’s been so challenging. Since 2008, the whole market was essentially turned upside down,” said Randy Thomas, a Stockton real estate broker with the Cornerstone Real Estate Group. “A lot of folks were losing their homes. A lot of people were getting evicted, and it’s been tough on a lot of people.”

City leaders say Stockton could soon be unable to pay its debts. The city has a $15 million deficit – $6.6 million from the last fiscal year and $8.7 million expected for the current fiscal year, according to documents.

Forecasts also show deficits ranging from $20 million to $38 million for the fiscal year 2012-2013 and increasing in subsequent years.

Some residents are losing faith.

Biggest City That Could go Bankrupt Is, You Guessed it, in CalifMarty Carlson, a waitress at Bradley’s American Bistro in downtown Stockton, said business, along with her tips, has been on the decline for years. She’s had enough, she said, and plans on leaving Stockton soon.

“They’re (the city) not the only one going bankrupt,” Carlson said. “It’s time to move on. I’m ready.”

The Associated Press contributed to this report.

Comments (63)

1 2
  • Ran60
    Posted on February 29, 2012 at 3:34pm

    When manufacturing jobs dried up and it became just another bedroom community for the SF labor pool, the city doomed itself. The prime farmland that surrounded the city blossomed quickie houses and strip malls. It is also a nexus of gang activity with 100′s of different factions.

    It used to be a nice place to live…but I guess this is progress.

    Or, in other words: Brother, you asked for it!

    Report Post »  
    • Nathaniel Horn
      Posted on February 29, 2012 at 4:05pm

      I’m native born and bred. Been trying to escape this PC mess for years. Always get sucked back by the easy money though… Grew up in Orange County where the smog almost kilt me. Got out of there and lived in the Bay Area for 25 years until it took an hour and a half to take a ten minute drive. When the Bay area began to suck beyond the level of tolerance I migrated further north to the great wild north-lands. It’s so beautiful up here. It’s beautiful everywhere in California actually, except for the people… Helpless, weak, over civilized professionals everywhere supported from cradle from cradle to grave by a vast & lovely infrastructure… Everything here simply must be upscale- don’t you know… at unbelievable cost! The business atmosphere and red tape is so bad that it’s just suffocating. No wonder everybody with common sense is leaving. I have a great and very useful boom truck that I can lift 35 thousand lbs. with and haul it right on down the road. They don’t make ‘em like that anymore. But I can only use it until 2013 unless I spend more than $10,000 to put some smog contraption all over the diesel engine. This law has already put thousands of hard working men and women out of business- and they wonder why there is no tax revenue.

      Report Post » Nathaniel Horn  
    • WeDontNeedNoSteenkinBadges12
      Posted on February 29, 2012 at 4:17pm

      “Biggest City That Could Go Bankrupt Is, You Guessed It, in California”

      Shocked! Utterly shocked! But … but … socialism is not working? Someone call janitor Barry to clean up the mess with his socialist mop. Oh wait, socialism is not working. It’s making the mess worse.

      Say, who hired janitor Barry anyway? Does he have a green card? No card at all? HEADS WILL ROLL FOR THIS!

      The Obama File (all about “The Man Who Never Was”)
      http://theobamafile.com/
      “Obama has had the finest possible education. Nobody knows how it was financed or what his grades were. His academic records are all sealed and he has an army of lawyers making sure they remained sealed.”

      AP declares Obama Kenyan-Born (And 2008 AP Story Repeats the Claim)
      http://thepostnemail.wordpress.com/2009/10/14/ap-declares-obama-kenyan-born/
      “What most people know is that the Associated Press (AP) is one of the largest, internationally recognized, syndicated news services. … in a syndicated report, published Sunday, June 27, 2004, by the Kenyan Standard Times, … ‘Kenyan-born US Senate hopeful, Barrack Obama, appeared set to take over the Illinois Senate seat after his main rival, Jack Ryan, dropped out of the race on Friday night amid a furor over lurid sex club allegations.’”

      Report Post » WeDontNeedNoSteenkinBadges12  
    • Jinglebob
      Posted on February 29, 2012 at 4:40pm

      Not to worry. Obama is standing by with lots of money from the MoneyTree to bail them out.

      Report Post » Jinglebob  
    • Nathaniel Horn
      Posted on February 29, 2012 at 4:51pm

      But now strangely enough I don’t want to go anywhere anymore. I want to watch first hand as this state government goes right down the tubes. I want a front row seat for the implosion. Forget Stockton. I want to see Sacramento get what it deserves and to witness all of these pie in the sky Liberals reap what they have sewn. I want to see ‘em get religion and come over to the Conservative side so that we can FINALLY get some sensible legislators in this state. When all of the pensions and high salaries are gone there will be no one to enforce this rat’s nest of laws and regulations. The price of land and homes is already half what it once was. Everyone is under water. It’s going to come down a lot more too. Then maybe I can afford to get that house on 180 acres I’ve been longing for, for 30 years! :)

      Report Post » Nathaniel Horn  
    • stopspending
      Posted on June 6, 2012 at 4:37pm

      Maybe we can help science fiction become reality by jackhammering, drilling, whatever along the Cali state line. We then jump up and down and make the whole state sink into the ocean. Who was that Congressman that thought Guam would tip over if too much weight was put on one side? Maybe he could help with this.

      Report Post »  
  • ibthumper
    Posted on February 29, 2012 at 3:31pm

    I think the nation must learn a lesson here. Progressive Lib DemoBoob government just don’t hunt. The State of Kalifornia is in big trouble and all that Left can come up with is more taxes. We in the EX Golden State are a JOKE.

    Report Post » ibthumper  
  • GENE BLISTER
    Posted on February 29, 2012 at 2:44pm

    “Come to Los Angeles! The sun shines bright, the beaches are wide and inviting, and the orange groves stretch as far as the eye can see.

    There are jobs aplenty, and land is cheap. Every working man can have his own house, and inside every house, a happy, all-American family.

    You can have all this, and who knows… you could even be discovered, become a movie star… or at least see one. Life is good in Los Angeles… it’s paradise on Earth.

    That’s what they tell you anyway, because they’re selling an image. They’re selling it through movies, radio and television. You’d think this place was the Garden of Eden.

    But there’s trouble in paradise…” Danny DeVito as Sid Hudgens, LA Confidential

    We got out in 2000 after multigenerational living in the Golden State. Grandpa was a grapefruit farmer, till the citrus blight wiped him out. Dad was an aircraft worker, until the unions entitled everyone out. My family and I left when we woke up one day and saw nothing but illegal criminal alien Mexicans on every corner, every off ramp, every Home Depot parking lot, and entire neighborhoods swallowed up in the cultural diversity of Vietnamese Pho restaurants and nail salons (”Wha cullah you wan?”).

    California is a great place to be FROM…off the record, on the QT, and very Hush Hush.

    Report Post » GENE BLISTER  
    • Opus3010
      Posted on February 29, 2012 at 3:52pm

      So what you are implying is that Vietnamese Pho Restaurants and nail salons are just as bad as criminal alien Mexicans. Nice that you included a ethnic dig, “Wha cullah you wan?”. Criminal enterprises vs. business enterprises. Well, it was in the Godfather, the phrase was coined, “Nothing personal, it’s only business.”, to paraphrase.

      Be careful what side of the street you want to walk, very fine line in being nationalistic and being like our Founding Fathers. I don’t think Ben Franklin said “If it wasn’t for all these Indians …”; although I do believe Hitler did say, “If it weren’t for all these Jews…”.

      Report Post »  
    • GENE BLISTER
      Posted on February 29, 2012 at 8:04pm

      #OPUS3010
      “So what you are implying is that Vietnamese Pho Restaurants and nail salons are just as bad as criminal alien Mexicans.”

      No, that‘s the conclusion you’re inferring. I made no indirect suggestions and therefor made no implications at all. Instead I stated quite clearly and unambiguously that we left Kalifornia when illegal criminal alien Mexicans were ubiquitous and entire neighborhoods were inundated by Vietnamese who, rather than assimilating and embracing the American culture that welcomed them, instead impose their culture on those welcoming neighborhoods to the point of excluding non-Vietnamese.

      By the way, it wasn‘t Adolf but Ol’ Ben Franklin who said of the German immigrants to Pennsylvania in the 1750s:
      “Few of their children in the country learn English … The signs in our streets have inscriptions in both languages … Unless the stream of their importation could be turned they will soon so outnumber us that all the advantages we have will not be able to preserve our language, and even our government will become precarious.” A perfect description of Westminster, Garden Grove, Buena Park, Fullerton, Anaheim, Orange, Stanton… Shall I go on?

      Ol’ Ben Franklin also said “Unless the stream of these people can be turned away from their country to other countries, they will soon outnumber us so that we will not be able to save our language or our government.”

      Tell ya what- you check the statistics regarding our boarders and let me know

      Report Post » GENE BLISTER  
  • inferno
    Posted on February 29, 2012 at 2:32pm

    A perfect example of what happens when people expect everything for nothing.
    The liberal excuse: People elected us, consequently we are required to do what they expect.
    What happens however, when people vote for a conservative issue ? The liberal courts tells them to p–s off by overurning them. Remember the “english only ” initative, overwhelming approved by the voters? How about the initative declaring Marriage as being between a man and woman only ?
    Both of these were declared unconstitutinall by the federal court.

    Report Post »  
  • kralspaces
    Posted on February 29, 2012 at 1:52pm

    After a life time in the Bay Area, we move to Elk Grove (1999), just north of Stockton, when the population was only 30,000. We left 5 years later (2005) when the population was over 100,000. Growth is good, but this was ridiculous. We just took the money and left the state. However, New Mexico is just a little bit too much like Old Mexico. We should have driven a few miles more into Texas.

    Report Post » kralspaces  
    • IntheDirt
      Posted on February 29, 2012 at 2:29pm

      I agree. I grew up near this area, I was born in Lodi. It sucked when I left in 1994, never improved, never went back.

      California continues to overregulate and overtax both the businesses and the people. The real story should be “overregulation cripples local economy.” They even passed a law to regulate the amount of space you have to give a chicken in an egg farm. I have a friend that owns an industrial minerals mine, He is running out of material and will just shut it down soon because in order to mine on the property next to his mine, it would take 10 to 20 years to get permits and millions of dollars before he could even take out one scoop of dirt.

      Another example. The people in this area ship trucks of garbage to Nevada to be put in landfills because it is cheaper than building a landfill in California. I was out there helping my folks and we took some stuff to the dump and threw it out on a concrete floor so it could be sorted for recyclables and the actual garbage taken to Nevada. What is the carbon footprint on that? Obviously the whole place is run by morons.

      Another peice to the Stockton Puzzle is that there is a port there. The economy relies on the port, always has. long shoremen and Unions=bad news. All the ports in California are having trouble because the charge so much ships are going elsewhere. They charge too much because of overregulation and Unions.

      Report Post »  
  • tom0702
    Posted on February 29, 2012 at 1:41pm

    Margaret’s warning echos throughout Kalif.
    “The only problem with socialism is…” You know the rest.

    4th generation Kalifornian. Plan to leave once real estate
    picks up a bit.

    Report Post »  
  • JustJP
    Posted on February 29, 2012 at 1:27pm

    This whole state will be bankrupt within 5 years

    Report Post »  
  • Psychosis
    Posted on February 29, 2012 at 1:05pm

    like a bowl of cereal, you can remove the fruits and nuts, but you will still be stuck with the flakes

    california deserves whatever is coming their way ………………………you get what you vote for

    now, we just need to guarantee no bailouts from the other states and maybe, just maybe, they will finally get their act together

    but i doubt it

    Report Post » Psychosis  
    • cheyenne1028
      Posted on February 29, 2012 at 1:42pm

      …but, but, but I didn‘t vote for ’moonbeam’. I’ve consistently voted fiscally on state issues. I just hope I have 5 years
      to get out before the ‘fit hits the shan’ and sprays crap over the entire state. where is an ethnic conservative to go? FL, TX? where are the cool, hip, conservative locales for budding entrepreneurs?

      Report Post » cheyenne1028  
    • M 4 Colt
      Posted on February 29, 2012 at 3:33pm

      My brother-in-law ran a small computer repair shop north of LA and the state just CRUSHED his shop with all the taxes,rules and regulations. So after 10 years of running his shop he finally gave up and closed his doors but that’s not the end of the story. When he closed he was left with a huge tax bill of $130.000 dollars. Soon after closing his shop he was forced to sell his home just to pay the state his tax bill so he packed up and moved to Arizona were it was much easier for him to reopen his shop, must less regulation, one fourth of the taxes he was paying before.

      Report Post »  
  • countryfirst
    Posted on February 29, 2012 at 1:04pm

    The free ride will be over for all soon. The only way is to cut entitlement and government spending.

    I have sent this to my senators with no response,

    If the department of energy was established in the 1970’s with the full intent to get us energy independent. Now over 40 years later with billions spent with regulation after regulation we are no closer to the original goal.
    Why on earth should that federal agency receive another dime. This is just one department I am sure there are hundreds more.

    Report Post » countryfirst  
  • Jenny Lind
    Posted on February 29, 2012 at 12:51pm

    Two of my children and six of my grandchildren are in Calif. I was born there, so was my husband. It was a wonderfull place, but since the sixties it has started to slide and in the last fifteen years the slide has gotten faster and faster. The number one reason for the slide is illegal immigration and the stress on the schools and healthcare, and the mostly democraticly run state government, and cities, and counties. A lot is now run by Hispanics who have followed the line on social spending thinking California would always be “rich”. I grew up with Mexicans, Jews and blacks, and I am not remotely predjudiced toward anyone-but the damage done by illegals and social do-gooding on other people’s money, plus an increasingly business hating government has created the perfect storm. Businesses and people who wanted a decent, free life from taxation gone crazy, and enviromental rules destroying the food basket of this country-and I believe it’s done on purpose-has destroyed a once great state, and guess who is living there now? Think someone or someones aren’t behind it? Think Mexico wants it? Think the drug dealers want it? If I could afford some of the georgous areas in Calif I would be there in the sun in a heartbeat. Breaks my heart to see it trashed, literaly.

    Report Post »  
  • awalan
    Posted on February 29, 2012 at 12:50pm

    It bears mentioning that the financial problems of Stockton, and many other towns in California , stem from the fact that for nearly a decade now the Federal govt. has been systematical destroying the agricultural base of the Central Valley in Calif. In the name of environmental purity the E.P.A. has turned the richest farmland this side of the Nile valley into a desert, impoverishing farmers, fruit growers, farm labor, and all of the supporting businesses that once made up a thriving industry stretching for hundreds of miles up the middle of the state.
    The wind that moans thru the dead orcherds and empty barns surrounding Stockton is calling a warning to us all, if we have the wisdom to hear it and the courage to act.

    Report Post »  
    • Jenny Lind
      Posted on February 29, 2012 at 1:03pm

      So very true, drove through there so often, and now it breaks my heart. Evil deliberatly done food production destroyed. Only a great president will save us. I would like to ask every candidate what they would do to get that area of California back into production.

      Report Post »  
    • Cali-expat
      Posted on February 29, 2012 at 1:57pm

      Your partially correct.
      Cal EPA combined with the CA DNC and the United Farm Workers Union are the other part of the equation. The CA DNC and the Union are trying to create the same situation with the farming industry in CA that the UAW and the DNC did with the Auto industry. By creating the fiscal distress the DNC and the Union will use this as an excuse to takeover ownership of the farms in the same fashion that happened with GM and Chrysler. Once the Union has posession of these farms the water will be restored.

      Report Post » Cali-expat  
  • My2Cents from MT
    Posted on February 29, 2012 at 12:12pm

    I was born and raised in CA. Our family left 20 yrs ago because we could see the trouble ahead. It is one of the many reasons we do not want any state bailed out. We didn’t like what was going on so we left. We do not want any of my tax dollars to go to them now. Let them do the hard thing every person or family has to do when they over extend themselves…cut spending!!

    Report Post » My2Cents from MT  
    • Arthur Spooner
      Posted on February 29, 2012 at 12:52pm

      I moved out here (Ca.) to go to school (against my better judgment). I am leaving this year for Texas. I cannot wait to leave this place.

      Report Post »  
  • Soquel by the Creek
    Posted on February 29, 2012 at 12:02pm

    According to a Wall Street 24/7 survey, three of the ten worst-managed cities are located in California.
    http://www.theblaze.com/stories/these-are-the-10-best-and-worst-run-cities-in-america/
    http://247wallst.com/2012/01/05/best-and-worst-run-cities-in-america/5/

    #8. Fresno, CA
    #6. Stockton, CA
    #4. San Bernadino, CA

    Stockton has a number of issues. The biggest is its horrible credit rating (Baa1 with a negative outlook). It also ranks high on violent crime (6th highest in the nation).

    California state itself is ranked #50 (DEAD LAST) on best-/worst-run states, down from #49 last year.
    http://247wallst.com/2011/11/28/best-and-worst-run-states-in-america-an-analysis-of-all-50/6/

    California has the lowest credit rating of all 50 states, even after its recent “upgrade”.
    http://www.businessweek.com/news/2012-02-16/california-s-credit-rating-outlook-is-raised-to-positive-by-s-p.html

    We have the nation’s 2nd highest unemployment. Scroll all the way to the bottom to find California.
    http://www.bls.gov/web/laus/laumstrk.htm

    The “recovery” in California is highly uneven. Despite being home to some of the world’s most advanced technology firms, many have the bulk of their manufacturing located outside of California. While unemployment is a “low” 6 to 8% in some counties, portions of California have 20%+ unemployment.
    http://www.sacbee.com/2009/03/19/1698037/decline-and-fall-of-the-california.html

    Many of my fellow Californians know, it didn’t h

    Report Post » Soquel by the Creek  
    • Soquel by the Creek
      Posted on February 29, 2012 at 12:03pm

      Sorry, the last line was cut off.

      Many of my fellow Californians know, it didn’t have to be this way.

      Report Post » Soquel by the Creek  
  • concealled9mms
    Posted on February 29, 2012 at 11:58am

    I could care less and i live in the communist state of cali, let it go under big fricking deal if so many cali people are so ignorant to the fact that the dems have ruined a once great state we deserve it, it wont effect me i have places to go. A recent article in cali stated that 82 hospitals have also gone under .Why? Because the us gov does not payback the hospitals cost with the free treatment to illegals. Like i said i have a choice of places to go , but i sure feel sorry for the hard working people of this state who are not cops , teachers , or firemen. By the way another one million folks moved out of cali again .Thank you barb boxer and fienstein you 2 have really been effective .There is no reason to even vote in this state our props are always overturned by the communist 9th district court of fools. And the repubs like myself are so out numbered so why bother it means nothing. Sink cali sink i will be just fine

    Report Post »  
    • johnnylingo
      Posted on February 29, 2012 at 12:09pm

      I took my family and fled the Jerry Brown Hollywood boxer/Feinstein mentality years ago. Thanks for confirming the decision.Let the state sink. Then some new people can come in and start drilling again. After the liberal leeches have sucked all the blood out of each other.

      Report Post »  
    • MS-GlenNBC
      Posted on February 29, 2012 at 12:15pm

      Newt Gingrich’s Fault… All of it… Haven’t you been listening to Glenn….

      If Glenn said it…. It must be true.

      I just hope Mittens helps us spread his Romney Care to California

      We can call it CalyCare with Mittens.

      Report Post » MS-GlenNBC  
  • thefnshow
    Posted on February 29, 2012 at 11:54am

    remember the scene from the movie 2012 where california breaks off and falls into the ocean ? couldn’t happen to a more deserving bunch of nimrods…too bad it was only a movie

    Report Post » thefnshow  
  • thegreatcarnac
    Posted on February 29, 2012 at 11:49am

    Liberals trash everything they touch. They do not have the ‘midas touch’,..they have the ‘feces touch’. California had so much promise at one time. In the 1950′s it was the place to go and live. Then it filled up with liberal trash and they got the upper hand. Then…the ‘feces touch’ concept went into effect. Liberals have no boundaries to curb the darker sides of the human soul. Anythng goes in a liberal run area. They will push the collective over the individual. Soon…..pure feces is the result and normal people leave.

    Report Post »  
  • MrsK
    Posted on February 29, 2012 at 11:47am

    I live in California and liberalism is bankrupting the entire state.

    Report Post »  
    • RJJinGadsden
      Posted on February 29, 2012 at 12:03pm

      I hear you. I sometimes drop to my knees and thank God for giving my parents enough sense to move our family out of California in the mid ’50s. Have been back a few times, but only because the Army sent me to Ft Irwin to do a doctrinal review of elements of a maneuver brigade. Fortunately for only a week at a time. On one return to my post I had to go through Ontario Airport to (EX)LAX the Saturday afternoon before the Oscars. Talk about a clown convention!

      Report Post » RJJinGadsden  
  • JENGA
    Posted on February 29, 2012 at 11:47am

    The central valley of California which is basically the conservatives of California is having lots of problems. The senators of California, you know, the two liberal ladies, could care less about the central valley, because its conservative. That is why the cities, and the coastal areas of Ca. are doing ok, or pretty well. Lots of unemployment is here, lots of foreclosures, and crime is going way up!! Mostly because our governor Mr. Brown transferred tons of prisoners from state prisons to local county prisons. And! He sent way more prisoners to each and every local prison than he stated he would. So! There all overcrowded to the point where if someone commits a crime, depending on what kind of crime it is, they will be let go because the jail is overcrowded!! See how that works?? That my friends is how you create more chaos!! Chaos is what the left needs to fundamentally change this nation! And this is being done on purpose, pretty jaw dropping eh??

    Report Post » JENGA  
  • This_Individual
    Posted on February 29, 2012 at 11:25am

    Stirring up the sheeple against California again? There are over 80 cities in my county alone, who are doing very well (and by the way, many of those have Republican mayors). You’re getting just as bad as the huffpoo, blaze.

    Report Post »  
  • hkgonra
    Posted on February 29, 2012 at 11:16am

    Ever since they got rid of the Barkley’s the area has been on the decline.

    Report Post »  
    • RJJinGadsden
      Posted on February 29, 2012 at 12:07pm

      LOL, that is what I was thinking as soon as I saw Stockton as the subject after all.

      Report Post » RJJinGadsden  
  • LondoMollari
    Posted on February 29, 2012 at 11:12am

    You get what you deserve.

    No sympathy here. Hope voting liberal because it made you FEEL GOOD was worth it.

    Out.

    Report Post »  
    • KOCHLEFFEL
      Posted on February 29, 2012 at 11:21am

      LONDOMOLLARI,
      How can California be liberal? Since Gay Marriage was voted down ?

      Report Post »  
    • JENGA
      Posted on February 29, 2012 at 11:38am

      Believe me, it can!!! California is being used to bring the whole Gay issue to the U.S. supreme court. The people have voted twice!!! To keep gay marriage out of California, and than a judge comes along and says, “I don’t think the peoples vote should count” Thats it!! All of our votes are thrown down the toilet!! Guess where this court that is supposed to be for all the people of California is??? San Francisco!! The city of idiots!! California is ruled by a dictator now, what the people say is basically ignored.

      Report Post » JENGA  
  • CatB
    Posted on February 29, 2012 at 11:09am

    Let it .. perhaps some people will wake up to the truth …

    “The problem with socialism is that eventually you run out of other people’s money”
    February 5, 1976. Prime Minister Thatcher

    Report Post »  
  • UBETHECHANGE
    Posted on February 29, 2012 at 11:01am

    Another Marxist run into the ground hell hole.

    Report Post »  
  • 13th Imam
    Posted on February 29, 2012 at 10:59am

    This can be directly attributed to Chris Dodd and Barny FWank, both soon to be Retired and sucking Taxpaying Americans Dry. They made Fanny and Freddie just another Taxpayer funded piggybank for the corrupt DEMOCRAT Party thieves.

    Report Post » 13th Imam  
  • The Jewish Avenger
    Posted on February 29, 2012 at 10:55am

    They did it! They won! I know it was hard to get past Detroit but with District 9 judges you really showed them how liberal you really are!!! WOOT!!!

    Nice job! Now move so we can put something GREEN there.

    Report Post » The Jewish Avenger  
    • RJJinGadsden
      Posted on February 29, 2012 at 12:12pm

      As Rush calls them, The Ninth Circus Court. No better description exists.

      Report Post » RJJinGadsden  
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