Looks like it was one of those pesky democrats, Jennifer Granholm

The Michigan Treasury Department in 2009 sent a team to look into the city's finances. The team's report was a long list of mismanagement to the point that budgets were "effectively meaningless as a financial management tool." The city was $10 million under- funded in its pension fund and increasing budget deficits. In April 2010, Democratic Governor Jennifer Granholm appointed Joseph Harris as Emergency Financial Manager.

http://michiganradio.org/post/3-reasons-things-are-looking-city-benton-harbor

http://www.nytimes.com/2011/04/27/us/27michigan.html?pagewanted=all

http://en.wikipedia.org/wiki/Benton_Harbor,_Michigan

Comments

Add comment

Login or register to post comments

Community Archive

Hedge Fund Managers' Outrageous Compensation

CommonDreams.org is reporting on the outrageous compensation Hedge Fund Managers are getting.

New rankings show the top 25 managers had combined earnings of $12.94 billion in 2015.