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Is bankruptcy the smartest option for the city of Hartford?
Comments

ric bee

10/23/17 AT 08:57 AM
It's the ONLY option.

ric bee

10/20/17 AT 08:32 AM
The sooner the better. Let's get started on the solution.

10/17/17 AT 08:45 AM
Yes. Absolutely. Bite this bullet NOW, then move on!

10/17/17 AT 08:45 AM
They should get the money from the top Insurance Companies Aetna, Travelers, The Hartford.

10/17/17 AT 08:45 AM
Only way to get out of future pension obligations

10/17/17 AT 08:45 AM
Even if the state bails them out this year, they will need it year after year.

10/17/17 AT 08:45 AM
It's likely the only option. Hartford can't move forward unless and until it is reorganized and a reasonable plan is fashioned for its future. The state is broke. Asking the state for a bailout is untenable.

10/17/17 AT 08:45 AM
Only if used as an opportunity to renegotiate union contracts to seriously reduce costs, and to root out bureaucratic and political corruption. Such benefit will have to be weighed against the longer term cost of doing business with lenders, vendors and contractors who will need higher premiums to deal with a poorly managed entity that has burned all with the bankruptcy filing.

10/17/17 AT 08:44 AM
Absolutely. If Hartford is insolvent today how much money will they need next year and the year after? When does it end? What other cities may need money seeing Hartford is getting bailed out? Bailing out Hartford will not work. Hartford needs to start over with a clean balance sheet. This is the only solution to Hartford's long term survival anything else is only delaying the inevitable.

10/17/17 AT 08:44 AM
They need to fundamentally rearrange the fiscal house. Band aids no longer work. This is a demonstrated cycle of stopgap measures that get by one election year then it's Groundhog Day again next year.
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