Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
This article describes a whole lot of lawyers getting paid by somebody (likely the public) to make a whole lot of noise to put forward legal arguments and press releases. Even if those arguments are successful, nothing is going to happen to anyone who’s responsible for the mess. The city is plainly bankrupt, its creditors are basically S.O.L. and neither the state, the county nor any taxpayer is in a financial position to do anything about it. Maybe the case has some utility for deterring other public officials in other places from doing the same (or similar) sketchy stuff. I… Read more »