Stray dogs victims of Detroit bankruptcy

GREED AT A GLANCE
Hedge fund kingpins, press reports indicate, are now “quietly circling Detroit, exploring ways to profit” from the city's July 18 bankruptcy filing. Their strategy: buy up the distressed city's bonds at next to nothing, then make a killing when the unelected Detroit emergency manager settles generously with bondholders. Already profiting from Detroit’s bankruptcy: a host of high-fee accounting and legal firms. Ernst & Young, the Detroit News notes, is collecting $6.6 million just to analyze the city’s cash flow. Meanwhile, add another set of victims to Detroit's ongoing tragedy. Budget cuts have left some 50,000 stray dogs roaming city streets. The Humane Society of the United States is calling the situation “almost post-apocalyptic.” Adds the Society’s Amanda Arrington: “The suffering of animals goes hand in hand with the suffering of people.”