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View Diary: Breaking: Judge Rules Detroit Pension Benefits Subject to Theft by Bankruptcy. (459 comments)

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  •  Ironically... (2+ / 0-)
    Recommended by:
    nchristine, Andrew Lazarus

    ...had the art collection been sold to sympathetic Billionaires who wanted to keep the art in the City and put it into a trust BEFORE the bankruptcy petition was filed, it probably could have been sold for close to $2 billion.

    Now, it's only going to get fire sale prices.

    •  There is no reason that the art collection should (3+ / 0-)
      Recommended by:
      Adam B, jpmassar, OrganicChemist

      be sold at fire sale prices. The art doesn't need to be sold in a few weeks. There is plenty of time to run a formal sales process, with a reputable auction house, and receive market prices for the art.

      "let's talk about that"

      by VClib on Tue Dec 03, 2013 at 02:46:27 PM PST

      [ Parent ]

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