Fred_PA_2000 Wrote:
May 16, 2013 2:58 PM
A better move would seem to be bankruptcy and re-organization -- perhaps within new city boundaries. And the people who are owed money / pensions / etc. they were promised by the old Detroit will simply have to recognize that they foolishly bought the promises of someone who could not pay. (And the new city will, we hope, not be able to sell such empty promises to a new group of employees.)