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(San Bernardino Sun)   City's financial records have been falsified for 13 of the past 16 years, now it's facing having its equipment repossessed and making payments to the families of three men killed by police. Solution: bankruptcy   (sbsun.com) divider line 36
    More: Fail, San Bernardino, bankruptcy, federal jury, Chevy Tahoe, equipment, families, Vallejo, payments  
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8161 clicks; posted to Main » on 03 Aug 2012 at 11:36 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-08-03 11:36:59 AM
kind of a dick move on the part of the city. On the other hand, I find it interesting that the city let the f*ckups of the police department run them into bankruptcy in the first place. that's gotta tick off the authoritarians at least a little bit.
 
2012-08-03 11:43:54 AM
upload.wikimedia.org


Look who's laughing now ... Cleveland is in the black and just sold a football team for $1 Billion+ and all of Cal-ee-foyrn-ya is going down the drain.
 
2012-08-03 11:46:21 AM
that's gotta tick off the authoritarians at least a little bit.


No it won't.

They'll blame it on the thug criminals for suing the state.

Herp derp the cops can't do their jobs without shooting and tazing suspects.

What would you do?!

Why don't you walk a mile in there shoes?!

Without Police we'd have anarchy and chaos!?

Or any other lame ass excuse they come up with while performing their mental gymnastics.
 
2012-08-03 11:46:54 AM
Hiring murderous goon squads as police is getting a bit expensive.
 
2012-08-03 11:47:20 AM
Government workers are far more important than the slaves that fund them!
 
2012-08-03 11:47:55 AM

Weaver95: kind of a dick move on the part of the city. On the other hand, I find it interesting that the city let the f*ckups of the police department run them into bankruptcy in the first place. that's gotta tick off the authoritarians at least a little bit.


I doubt it - Chances are, they'll blame the sue-happy families for the bankruptcies. See Dunning-Kruger effect for more details.
 
2012-08-03 11:48:36 AM
Wait, I'm confused but how is filing bankruptcy going to prevent them from having the machinery they purchased and defaulted on from being seized. Wouldn't they still have to give that up because they defaulted on the payments. I thought it was the basics you could keep for bankruptcy (then again, never really heard of a city filing bankruptcy before so the rules might be different).

However, if they get to keep everything, I think I'm going to go trade in my used car for a new car, rack of some credit cards for a new TV, furniture, clothes, etc and then stop by the lawyers office later on :p

J/K, but would be a nice dream.......
 
2012-08-03 11:49:35 AM
See Dunning-Kruger effect for more details.


One of my favorite cognitive biases.
 
2012-08-03 11:52:55 AM

Weaver95: kind of a dick move on the part of the city. On the other hand, I find it interesting that the city let the f*ckups of the police department run them into bankruptcy in the first place. that's gotta tick off the authoritarians at least a little bit.


I guess you don't pay much attention to finance or economic news, and don't bother to read linked articles.. This case had almost nothing to do with the bankruptcy. The city decided to declare bankruptcy earlier this month, because they can't pay their bills, same as Stockton and Mammoth Lakes, etc. (overspending, undertaxation, etc.).

They just accelerated the filing to prevent this lawyer from putting his clients ahead of everyone else in the bankruptcy queue.
 
2012-08-03 11:55:24 AM

Debeo Summa Credo: Weaver95: kind of a dick move on the part of the city. On the other hand, I find it interesting that the city let the f*ckups of the police department run them into bankruptcy in the first place. that's gotta tick off the authoritarians at least a little bit.

I guess you don't pay much attention to finance or economic news, and don't bother to read linked articles.. This case had almost nothing to do with the bankruptcy. The city decided to declare bankruptcy earlier this month, because they can't pay their bills, same as Stockton and Mammoth Lakes, etc. (overspending, undertaxation, etc.).

They just accelerated the filing to prevent this lawyer from putting his clients ahead of everyone else in the bankruptcy queue.


right. the city was horribly mis-managed, let the cops run wild and murder someone and then pulled a dick move to avoid paying out on their many mistakes.

I got man. thanks!
 
2012-08-03 12:02:37 PM

The Ice Queen: Wait, I'm confused but how is filing bankruptcy going to prevent them from having the machinery they purchased and defaulted on from being seized. Wouldn't they still have to give that up because they defaulted on the payments. I thought it was the basics you could keep for bankruptcy (then again, never really heard of a city filing bankruptcy before so the rules might be different).

However, if they get to keep everything, I think I'm going to go trade in my used car for a new car, rack of some credit cards for a new TV, furniture, clothes, etc and then stop by the lawyers office later on :p

J/K, but would be a nice dream.......


Yeah, cities and corporations have a different bankruptcy chapter. It includes a bit about stopping repossessions and forcing creditors to negotiate new terms. While regular citizens are pretty limited in what we get to keep, corporations get to keep operating unless a judge decides it's time to shut down the whole show.
 
2012-08-03 12:06:38 PM
Typical fark douchbaggery..."It's all the murdering cops fault!!"

Has nothing to due with stupid Californians and the stupid politicians they keep electing. California...America's Greece.
 
2012-08-03 12:06:46 PM
Not sure why this is a fail- it's what bankruptcy is for. It will only stave off the creditors for a couple of years while the city (and possibly the state) gets its shiat together.
 
2012-08-03 12:10:42 PM

Weaver95: Debeo Summa Credo: Weaver95: kind of a dick move on the part of the city. On the other hand, I find it interesting that the city let the f*ckups of the police department run them into bankruptcy in the first place. that's gotta tick off the authoritarians at least a little bit.

I guess you don't pay much attention to finance or economic news, and don't bother to read linked articles.. This case had almost nothing to do with the bankruptcy. The city decided to declare bankruptcy earlier this month, because they can't pay their bills, same as Stockton and Mammoth Lakes, etc. (overspending, undertaxation, etc.).

They just accelerated the filing to prevent this lawyer from putting his clients ahead of everyone else in the bankruptcy queue.

right. the city was horribly mis-managed, let the cops run wild and murder someone and then pulled a dick move to avoid paying out on their many mistakes.

I got man. thanks!


Cool. As long as you realize you're a dope for thinking "the f*ckups in the police department ran them into bankruptcy in the first place".
 
2012-08-03 12:12:35 PM

crispyone: Typical fark douchbaggery..."It's all the murdering cops fault!!"

Has nothing to due with stupid Californians and the stupid politicians they keep electing. California...America's Greece.


No, no, the unfunded pension obligations, unfunded retiree obligations, and $45m deficit would have been completely manageable if it weren't for this $1.3m payout. Don't you get it?
 
2012-08-03 12:19:50 PM

CrispFlows: Weaver95: kind of a dick move on the part of the city. On the other hand, I find it interesting that the city let the f*ckups of the police department run them into bankruptcy in the first place. that's gotta tick off the authoritarians at least a little bit.

I doubt it - Chances are, they'll blame the sue-happy families for the bankruptcies. See Dunning-Kruger effect for more details.


The Dunning Kruger effect has nothing to do with who a 3rd party blames for something
It has to do with how confident the 3rd party is in the accuracy of his blame. You might argue that the Dunning Kruger effect contributes to the persistence of ignorance, but that's not what you seem to be saying.
 
2012-08-03 12:23:22 PM

rumpelstiltskin: CrispFlows: Weaver95: kind of a dick move on the part of the city. On the other hand, I find it interesting that the city let the f*ckups of the police department run them into bankruptcy in the first place. that's gotta tick off the authoritarians at least a little bit.

I doubt it - Chances are, they'll blame the sue-happy families for the bankruptcies. See Dunning-Kruger effect for more details.

The Dunning Kruger effect has nothing to do with who a 3rd party blames for something
It has to do with how confident the 3rd party is in the accuracy of his blame. You might argue that the Dunning Kruger effect contributes to the persistence of ignorance, but that's not what you seem to be saying.


I'm saying that when something goes wrong, they are more likely to blame an outside factor than themselves - too incompetent to recognize a possibility that it is their behavior that contributes to the problem. That's how I see it applied in this case.
 
2012-08-03 12:24:47 PM

Debeo Summa Credo: crispyone: Typical fark douchbaggery..."It's all the murdering cops fault!!"

Has nothing to due with stupid Californians and the stupid politicians they keep electing. California...America's Greece.

No, no, the unfunded pension obligations, unfunded retiree obligations, and $45m deficit would have been completely manageable if it weren't for this $1.3m payout. Don't you get it?


This is now a Fark cop-hate thread. leave your logic and perspective out of this.
 
2012-08-03 12:25:49 PM
Police shot May in 2009, and reported at the time that May grabbed an officer's genitals and Taser while fighting with police.

The shooting happened the night May's family had a barbecue to celebrate his release from jail the previous day.



Charming.
 
2012-08-03 12:30:18 PM
Police shot May in 2009, and reported at the time that May grabbed an officer's genitals and Taser while fighting with police.

Pulled pork is my favorite.

Masta Kronix: See Dunning-Kruger effect for more details.

One of my favorite cognitive biases.


I've seen it in action.

In your posts.
 
2012-08-03 12:36:11 PM

seadoo2006: [upload.wikimedia.org image 220x269]


Look who's laughing now ... Cleveland is in the black and just sold a football team for $1 Billion+ and all of Cal-ee-foyrn-ya is going down the drain.


LOL. But you still have to live in ohio. Eww.

/California
//We're better than you.
 
2012-08-03 12:54:25 PM

CrispFlows: rumpelstiltskin: CrispFlows: Weaver95: kind of a dick move on the part of the city. On the other hand, I find it interesting that the city let the f*ckups of the police department run them into bankruptcy in the first place. that's gotta tick off the authoritarians at least a little bit.

I doubt it - Chances are, they'll blame the sue-happy families for the bankruptcies. See Dunning-Kruger effect for more details.

The Dunning Kruger effect has nothing to do with who a 3rd party blames for something
It has to do with how confident the 3rd party is in the accuracy of his blame. You might argue that the Dunning Kruger effect contributes to the persistence of ignorance, but that's not what you seem to be saying.

I'm saying that when something goes wrong, they are more likely to blame an outside factor than themselves - too incompetent to recognize a possibility that it is their behavior that contributes to the problem. That's how I see it applied in this case.


Incompetent at what? Recognizing possibilities? Dunning Kruger only implies that a person who is bad at recognizing possibilities could be very confident that he is not bad. I don't see how it can have any logical bearing on any actual conclusion he draws. His conclusions are a consequence of his ignorance, not a trick he is playing on himself.
 
2012-08-03 12:55:43 PM
Oh Bobby, I'm sorry your head looks like a potato, I really am.

/rest of their lives
//down in San Berdino
 
2012-08-03 01:02:41 PM

Weaver95: kind of a dick move on the part of the city. On the other hand, I find it interesting that the city let the f*ckups of the police department run them into bankruptcy in the first place. that's gotta tick off the authoritarians at least a little bit.


The city budget is around 160 million. Those settlements totaled just over 1.6 million.

A 1% payout ain't what drove them to bankruptcy.
 
2012-08-03 01:03:02 PM
I was reading the settlements, I don't know how they managed to convince a jury that cops roupghed up a guy high on meth.
 
2012-08-03 01:08:18 PM

Honest Bender: seadoo2006: [upload.wikimedia.org image 220x269]


Look who's laughing now ... Cleveland is in the black and just sold a football team for $1 Billion+ and all of Cal-ee-foyrn-ya is going down the drain.

LOL. But you still have to live in ohio. Eww.

/California
//We're better than you.


I think you missed the joke ... Ol' Dennis there was crucified in the 1970s when Cleveland filed for bankruptcy.
 
2012-08-03 01:27:10 PM
This has been heating up for a month or two - the accusations of falsification have been getting steadily more salacious, the auditing firm is making weak denials and will probably lose its license for utter incompetence, and bankruptcy went from scary boogeyman to utterly inevitable with the financial disclosures.

Meanwhile, the city manager makes statements like "Mistakes were made by previous administrations, all we can do is move past them as best we can" hoping that no one will remember that he and the rest of the council have been the administration for the last 10-15 years, they just incestuously trade around their positions. The feds need to go all Bell on Berdoo's government.
 
2012-08-03 01:44:15 PM
I'm from just a couple towns over from San Berdoo, and must say they chose to develop in the most unsustainable fashion possible. Its sad that its come to this, but no surprise. Southern California in general is badly in need of rethinking how they develop; warehouses, big box stores, and endless housing tracts do not a healthy economy make.
 
2012-08-03 01:44:52 PM

rumpelstiltskin: His conclusions are a consequence of his ignorance


So we agree!
 
2012-08-03 02:13:09 PM

seadoo2006: Look who's laughing now ... Cleveland is in the black and just sold a football team for $1 Billion+ and all of Cal-ee-foyrn-ya is going down the drain.


Bless your heart.

24.media.tumblr.com

"Did you hear that Cleveland is in the black and sold a football team for $1 Billion?"
"Who cares? More wine dear?"
"Please."
 
2012-08-03 02:22:14 PM

The Jami Turman Fan Club: Not sure why this is a fail- it's what bankruptcy is for. It will only stave off the creditors for a couple of years while the city (and possibly the state) gets its shiat together.


It's fail because subby and the city dont understand how chapter 9 works.
The debt wont be erased.
 
2012-08-03 02:25:14 PM

JustGetItRight: The city budget is around 160 million. Those settlements totaled just over 1.6 million.

A 1% payout ain't what drove them to bankruptcy.


I always thought that this kind of problem was easy to fix.
pay your lawsuits first
pay your suppliers
pay your teachers
pay your loans
...
pay your firemen
pay your policemen
pay your politicians
pay your lawyers
pay your accountants last

TADA

Cities would ALWAYS have balanced budgets
 
2012-08-03 02:33:36 PM
Better to go into bankruptcy and make sure the money is properly disbursed to creditors than to see it go to the families of criminals so it can be wasted on rims and the local KFC.
 
2012-08-03 03:48:41 PM
Hey the joke was n_@_gger not the other word. That trips the filter?


Mods please remove the troll reinforcement.
 
2012-08-03 03:57:38 PM

namatad: The Jami Turman Fan Club: Not sure why this is a fail- it's what bankruptcy is for. It will only stave off the creditors for a couple of years while the city (and possibly the state) gets its shiat together.

It's fail because subby and the city dont understand how chapter 9 works.
The debt wont be erased.


Subby understands how chapter 9 works. It's tagged as FAIL because the good 'ole' boy city administrators have never had any sense of accountability. It's also for the city populace who have elected these people year after year. I R SUBBY
 
2012-08-03 08:17:01 PM
You know, I hope this leads to less stupid people buying municipal bonds. Hopefully high enough interest rates will force local governments to balance budgets.
 
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