swim club that sold access to the pool to a day camp only to rescind the sale when they discovered that the kids weren't white? Well, they are trying to declare bankruptcy.
But before we all start thinking, "Good! You racist pigs." I think there is something fishy going on in their cement pond. According to the article they have liabilities of $100,000 to $500,000 and assets of anywhere from 1 to ten million dollars.
For the sake of argument, let's take the middle of both ranges. That would mean debt of $300,000 and assets of 5 million dollars.
I don't know about you, but I'll take that balance sheet any day.
I think these bastards are trying to make themselves judgment proof. They are in the mother of all legal stalls while trying to protect their assets so when they lose they have to pay little or nothing for telling the kids of color that they weren't good enough to swim in their pool.
Personally, I hope the government and the justice system see right through this and dry hump these guys for every dime they can.
Honkies Only Pool Declares Bankruptcy
Oh...and that bit at the end of the story is bullshit. Not enough life guards? When they first got caught, the club president said the reason they kicked the kids to the curb was because:
"There was concern that a lot of kids would change the complexion .....and the atmosphere of the club."
They are liars and they deserve the long arm of the law doing a very complete, very aggressive proctology exam for which they should be billed top dollar.