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	<title>Comments on: Dogfight Ahead in Stockton, CA Bankruptcy</title>
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	<link>http://www.frontpagemag.com/2013/arnold-ahlert/dogfight-ahead-in-stockton-ca-bankruptcy/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=dogfight-ahead-in-stockton-ca-bankruptcy</link>
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		<title>By: mlcblog</title>
		<link>http://www.frontpagemag.com/2013/arnold-ahlert/dogfight-ahead-in-stockton-ca-bankruptcy/comment-page-1/#comment-4445876</link>
		<dc:creator><![CDATA[mlcblog]]></dc:creator>
		<pubDate>Fri, 05 Apr 2013 04:12:35 +0000</pubDate>
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		<description><![CDATA[Funny thing.  Many liberals are incredibly good with money and in fact very conservative in their financial practices.  I say this from personal observation over the years in the community. ]]></description>
		<content:encoded><![CDATA[<p>Funny thing.  Many liberals are incredibly good with money and in fact very conservative in their financial practices.  I say this from personal observation over the years in the community. </p>
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		<title>By: PhillipGaley</title>
		<link>http://www.frontpagemag.com/2013/arnold-ahlert/dogfight-ahead-in-stockton-ca-bankruptcy/comment-page-1/#comment-4443423</link>
		<dc:creator><![CDATA[PhillipGaley]]></dc:creator>
		<pubDate>Thu, 04 Apr 2013 12:17:41 +0000</pubDate>
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		<description><![CDATA[Yes.  While pensions and benefits are not at the heart of this system of commerce, bonds (private agreements bearing increase) are, in simple proof of which, if there were no bonds in the first place, there could have been no pensions and benefits, following:  In Gelpke v Debuque (1864) J Miller&#039;s dissent was that, the district ct. should not interpose for private commercial agreements (bonds) over state courts. 
This came up in the 1930s in which certain municipalities were advised to look at selling off real-estate in satisfaction of bonds.  The only question in favor of adjustment to application of this rule of law being, &quot;Are the bond-holders hands, clean?&quot;. ]]></description>
		<content:encoded><![CDATA[<p>Yes.  While pensions and benefits are not at the heart of this system of commerce, bonds (private agreements bearing increase) are, in simple proof of which, if there were no bonds in the first place, there could have been no pensions and benefits, following:  In Gelpke v Debuque (1864) J Miller&#039;s dissent was that, the district ct. should not interpose for private commercial agreements (bonds) over state courts.<br />
This came up in the 1930s in which certain municipalities were advised to look at selling off real-estate in satisfaction of bonds.  The only question in favor of adjustment to application of this rule of law being, &quot;Are the bond-holders hands, clean?&quot;. </p>
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		<title>By: κατεργάζομαι</title>
		<link>http://www.frontpagemag.com/2013/arnold-ahlert/dogfight-ahead-in-stockton-ca-bankruptcy/comment-page-1/#comment-4442733</link>
		<dc:creator><![CDATA[κατεργάζομαι]]></dc:creator>
		<pubDate>Thu, 04 Apr 2013 07:22:37 +0000</pubDate>
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		<description><![CDATA[.and Chicago, De-Twah, Baltimore, Dee-Cee, Hot-Lanta, &amp; Cleveland, Oh-high-YO! ]]></description>
		<content:encoded><![CDATA[<p>.and Chicago, De-Twah, Baltimore, Dee-Cee, Hot-Lanta, &amp; Cleveland, Oh-high-YO! </p>
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		<title>By: κατεργάζομαι</title>
		<link>http://www.frontpagemag.com/2013/arnold-ahlert/dogfight-ahead-in-stockton-ca-bankruptcy/comment-page-1/#comment-4442720</link>
		<dc:creator><![CDATA[κατεργάζομαι]]></dc:creator>
		<pubDate>Thu, 04 Apr 2013 07:15:49 +0000</pubDate>
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		<description><![CDATA[But some bond insurers are saying, &quot;Not so fast.&quot; These companies stand to lose a bundle in any restructing and are accusing Stockton of misusing the municipal bankruptcy laws. 
 
UPI:&lt;i&gt; 
&quot;The agenda is clear,&quot; lawyer Jeffrey Bjork wrote on behalf of the Assured Guaranty Ltd. bond insurer, one of the largest creditors that helped the city refinance pension debt. 
 
&quot;The city hopes to use the Chapter 9 plan process to impose permanent impairment, and to cram down a non-consensual plan, on capital-market creditors,&quot; he wrote.&lt;/i&gt;  
 
It&#039;s hard to prove intent, but it appears that Stockton&#039;s creditors at least have a shot of winning. If that happens, those workers&#039; pension and health insurance benefits will almost certainly be in line for trimming. 
 
Read more: &lt;a href=&quot;http://www.americanthinker.com/blog/2013/03/whats_behind_the_stockton_ca_bankruptcy.html#ixzz2PTZM6sMB&quot; rel=&quot;nofollow&quot;&gt;http://www.americanthinker.com/blog/2013/03/whats...&lt;/a&gt;  
 
In the mean time, fiscally responsible towns/states (Texas) will have their citizens&#039; work product confiscated (again) in the form of taxes to redistribute to looser-deadbeats.   ]]></description>
		<content:encoded><![CDATA[<p>But some bond insurers are saying, &quot;Not so fast.&quot; These companies stand to lose a bundle in any restructing and are accusing Stockton of misusing the municipal bankruptcy laws. </p>
<p>UPI:<i><br />
&quot;The agenda is clear,&quot; lawyer Jeffrey Bjork wrote on behalf of the Assured Guaranty Ltd. bond insurer, one of the largest creditors that helped the city refinance pension debt. </p>
<p>&quot;The city hopes to use the Chapter 9 plan process to impose permanent impairment, and to cram down a non-consensual plan, on capital-market creditors,&quot; he wrote.</i>  </p>
<p>It&#039;s hard to prove intent, but it appears that Stockton&#039;s creditors at least have a shot of winning. If that happens, those workers&#039; pension and health insurance benefits will almost certainly be in line for trimming. </p>
<p>Read more: <a href="http://www.americanthinker.com/blog/2013/03/whats_behind_the_stockton_ca_bankruptcy.html#ixzz2PTZM6sMB" rel="nofollow"></a><a href="http://www.americanthinker.com/blog/2013/03/whats" rel="nofollow">http://www.americanthinker.com/blog/2013/03/whats</a>&#8230;  </p>
<p>In the mean time, fiscally responsible towns/states (Texas) will have their citizens&#039; work product confiscated (again) in the form of taxes to redistribute to looser-deadbeats.   </p>
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		<title>By: Peter</title>
		<link>http://www.frontpagemag.com/2013/arnold-ahlert/dogfight-ahead-in-stockton-ca-bankruptcy/comment-page-1/#comment-4442537</link>
		<dc:creator><![CDATA[Peter]]></dc:creator>
		<pubDate>Thu, 04 Apr 2013 05:39:25 +0000</pubDate>
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		<description><![CDATA[At the State government level, California abandoned GAAP (generally accepted accounting principals) many years ago and in a cost cutting effort stopped auditing the many departments and sub departments (during a republican administration) about 20 years ago. At one department, a supervisor was/is selling jobs (for cash) ]]></description>
		<content:encoded><![CDATA[<p>At the State government level, California abandoned GAAP (generally accepted accounting principals) many years ago and in a cost cutting effort stopped auditing the many departments and sub departments (during a republican administration) about 20 years ago. At one department, a supervisor was/is selling jobs (for cash) </p>
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		<title>By: UCSPanther</title>
		<link>http://www.frontpagemag.com/2013/arnold-ahlert/dogfight-ahead-in-stockton-ca-bankruptcy/comment-page-1/#comment-4442530</link>
		<dc:creator><![CDATA[UCSPanther]]></dc:creator>
		<pubDate>Thu, 04 Apr 2013 05:36:44 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=184288#comment-4442530</guid>
		<description><![CDATA[I hope Berkeley shares the same fate... ]]></description>
		<content:encoded><![CDATA[<p>I hope Berkeley shares the same fate&#8230; </p>
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