Accuracy in Media

Bill Clinton Collected $50,000 a Month from Soon-to-be-Bankrupt Company Linked to ex-NJ Gov. Corzine

CBS News wrote an article and the headlines can only cover so much. For example, Bill Clinton collected $50,000 a month from MF Global, a company headed by former Democratic governor of New Jersey, Jon Corzine, as it was heading towards bankruptcy. Corzine avoided jail, even though he lost at least $1 billion of his customer’s funds and […]

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Bernie Sanders: Dear Fed, Bail Out Puerto Rico

Well, that may happen anyways if the House of Representatives takes it up. Sen. Bernie Sanders called on the Federal Reserve Monday to provide emergency loans to the government of Puerto Rico, saving the residents of the island from its fiscal crisis. While visiting Puerto Rico, the Democratic candidate for president said that if the […]

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Reuters: Let the Feds Bail Out Detroit

WASHINGTON — A Reuters writer suggested that the U.S. government should bail out the beleaguered city of Detroit, which has fallen far from grace from its heyday as “The Motor City.” Reuters published an analysis that announced the city could exit bankruptcy when Detroit’s 170,000 creditors will vote on a potential deal to get out of […]

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Detroit Reaches a Pension Deal to get out of Bankruptcy

WASHINGTON — After months of negotiating and seeing the city of Detroit flounder financially, the public workers union for retirees reached an agreement with the city officials led by emergency manager Kevyn Orr. Reuters reported that the two sides reached a deal on pension and healthcare benefits with their two pension funds. This helps Detroit’s […]

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Detroit Bankruptcy Case goes Forward as Bonds are Unpaid

WASHINGTON — Detroit’s recent effort to declare some of its general obligation bonds as unsecured debt faced a strong challenge by public sector unions, but resulted in a judge’s decision to impose a 2 to 3-week negotiation period between bond investors and the city. Reuters reported that if the city wins the case, then bond insurers […]

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Detroit: Bailed Out by Gambling Money?

WASHINGTON — The struggles and bankruptcy of the famed Motor City of Detroit has been well-documented. Now, some suggest that the city could gain back valuable and needed revenue from casino gamblers. Reuters published an analysis that suggested that gambling revenue could save the struggling Motor City. There are three casinos in Detroit and are […]

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American Airlines Bankruptcy gets Court Approval

WASHINGTON — American Airlines, which is struggling to stay afloat, won approval from a U.S. bankruptcy judge to emerge from bankruptcy. Reuters reported that the U.S. government has to approve the proceedings of a possible merger between American Airlines and U.S. Airways. However, the outgoing American Airlines CEO, Tom Horton, was denied a $19.9 million […]

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October 2016

10/13/2016 - Bill Clinton Collected $50,000 a Month from Soon-to-be-Bankrupt Company Linked to ex-NJ Gov. Corzine

May 2016

5/17/2016 - Bernie Sanders: Dear Fed, Bail Out Puerto Rico

February 2016

2/26/2016 - Puerto Rico Needs Congress to Save It, says Gov’t Official

June 2014

6/7/2014 - Reuters: Let the Feds Bail Out Detroit

April 2014

4/19/2014 - Detroit Reaches a Pension Deal to get out of Bankruptcy

February 2014

2/22/2014 - Detroit Bankruptcy Case goes Forward as Bonds are Unpaid

January 2014

1/23/2014 - Detroit: Bailed Out by Gambling Money?

November 2013

11/6/2013 - Detroit Unions try to Pressure Detroit Manager as City is Bankrupt

October 2013

10/8/2013 - Detroit’s Bankruptcy changes City Bond Game, says Economists

September 2013

9/14/2013 - American Airlines Bankruptcy gets Court Approval

August 2013

8/21/2013 - Unions decry Detroit’s Chapter 9 Bankruptcy, call it “Unconstitutional”

8/5/2013 - NEWSFLASH: Bankrupt Detroit has Subpar Worker Skills

July 2013

7/29/2013 - Aww?! Media is worried about Detroit while Obama ignores it

7/26/2013 - Detroit’s Unions Dealt Major Blow in Restructuring by Courts

7/19/2013 - Buh Bye Motor City: Detroit goes Bankrupt