Leid Stories - 12/16/13

2013-12-16

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Detroit’s Sham $18-Billion ‘Bankruptcy’ Gets A Forensic AuditSnowden’s Stolen NSA Files Launched A $250-Million Business The former chairman of Michigan’s Board of Accountancy (which certifies public accountants practicing in the state), had told Leid Stories on the eve of the Dec. 3 federal court decision granting Detroit’s filing for bankruptcy that the city’s financial balance sheet showing $18 billion in debt didn’t add up. The debt was grossly overstated and the city’s accounting practices were highly irregular, he said.

Detroit’s Sham $18-Billion ‘Bankruptcy’ Gets A Forensic Audit

Snowden’s Stolen NSA Files Launched A $250-Million Business

The former chairman of Michigan’s Board of Accountancy (which certifies public accountants practicing in the state), had told Leid Stories on the eve of the Dec. 3 federal court decision granting Detroit’s filing for bankruptcy that the city’s financial balance sheet showing $18 billion in debt didn’t add up. The debt was grossly overstated and the city’s accounting practices were highly irregular, he said.

Barrow discusses Detroit’s fiscal future based on the debt-relief plan approved by the court.

In the wake of reports that NSA officials consider amnesty for Edward Snowden in return for the files he stole “a conversation worth having” comes a bombshell exposé that the 1.7 million classified documents already have launched a $250-million “checkbook journalism” business.

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