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AsahinaKimi

(20,776 posts)

5. Yes I can not imagine .. this has never happened before ..

Reply to last1standing (Reply #4)

Thu Jul 18, 2013, 02:59 PM

Jul 2013

How does a whole city go bankrupt? Will people move away and go else where? I can not imagine Detroit becoming a ghost town..ever. Who will bail them out? The federal government? Detroit was also known for the auto plants there, I thought they were doing well again? I don't really understand this at all.

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Detroit bankruptcy filing may come as soon as Friday [View all] The Straight Story Jul 2013 OP

I have a question... AsahinaKimi Jul 2013 #1

I'm more worried about the priceless works of art in the DIA. last1standing Jul 2013 #4

Yes I can not imagine .. this has never happened before .. AsahinaKimi Jul 2013 #5

I live here and I don't know how Detroit recovers. last1standing Jul 2013 #7

Won't happen - almost happened over 30 years ago to New York City. ConcernedCanuk Jul 2013 #9

It's happened. last1standing Jul 2013 #11

Actually no it hasn't - they've just filed for it ConcernedCanuk Jul 2013 #12

It looks as though everything will go private. ananda Jul 2013 #6

Detroit: An Ayn Rand Wetdream. last1standing Jul 2013 #8

How does a city file for bankruptcy? Rex Jul 2013 #2

Stockton California is working their way through bankruptcy OnlinePoker Jul 2013 #13

But the emergency dictat..er..manager was supposed to save Detroit Cal Carpenter Jul 2013 #3

Robber Baron is a better term. Rex Jul 2013 #10