Motor City is bankrupt

[SupremeBoy]

The largest American city in history filed for bankruptcy today.


http://www.politico.com/story/2013/07/detroit-bankruptcy-94441.html

[soulster]

There's a thread on this already right here: http://soulfuldetroit.com/showthread...hlight=detroit

[SupremeBoy]

There's a thread on this already right here: http://soulfuldetroit.com/showthread...hlight=detroit

I apologize for the double post. I hope Detroit can get back on its feet.

[jobeterob]

Life will be made more miserable for many people who's pensions, benefits and jobs are now all compromised.

The necessary adjustment in Detroit was an earthquake and will be even more personally devastating before things turn around.